Red Lake Gold holder Kalt sells 2.28 million shares

Executive Summary

• Investor Ryan Kalt divested 2,283,000 common shares of Red Lake Gold Inc. between March 4 and March 5, 2026, resulting in a reduction of his holding below the 35% threshold.
• Following the sale, Kalt retains control of 17,585,500 common shares, representing approximately 34.80% of the issuer's outstanding common shares, along with other convertible instruments.
• The divested securities represented approximately 4.52% of the outstanding common shares and were sold at an average price of $0.02 per share.

Key Details

• Transaction Type: Divestiture of common shares via open-market facilities or broker-routed market.
• Seller: Ryan Kalt (Investor).
• Issuer: Red Lake Gold Inc.
• Sale Period: March 4, 2026, to March 5, 2026.
• Total Shares Sold: 2,283,000 common shares.
• Shares Sold on March 5, 2026: 1,350,000 common shares.
• Average Sale Price: $0.02 per common share.
• Post-Transaction Holding: 17,585,500 common shares.
• Post-Transaction Ownership Percentage: Approximately 34.80% of outstanding common shares.
• Divested Percentage: Approximately 4.52% of outstanding common shares.
• Total Outstanding Shares (as of report date): 50,539,169 common shares.
• Additional Instruments: Kalt retains common share warrants and common share stock options.
• Regulatory Filing: Form 62-103F1 filed on SEDAR+.
• Future Intentions: Kalt may sell or acquire securities in the future depending on market conditions and investment objectives; no other specific plans or intentions were disclosed.

Notable Quotes

• "The acquiror may sell securities of the issuer either on the open market or through private dispositions in the future, or may acquire securities of the issuer either on the open market or through private acquisitions, in the future, depending upon market conditions, the acquiror's investment objectives and/or other relevant factors."