West Red Lake Gold Mines Inc. (DB:HYK) announced a non-brokered private placement of 4,262,500 flow through units at a price of CAD 0.20 per unit for gross proceeds of CAD 852,500 on January 4, 2017. The transaction included participation from Pavilion Flow-Through L.P., an affiliate Accilent Capital Management Inc. for 2,500,000 units, which holds 27.7% stake on a fully diluted basis and John Kontak, Chief Financial Officer and director of the company subscribed 100,000 flow through units. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.35 per share for a period of 18 months from the date of issuance. The company paid finder’s fee in cash to CAD 58,135 and issued 143,000 finder’s warrants. Each finder’s warrant entitles its holder to purchase one common share at an exercise price of CAD 0.25 for a period of 24 months. Accilent Capital Management Inc. also acted as finder for the transaction and received CAD 35,000 in cash as fee.