West Red Lake Gold Mines Inc. (DB:HYK) announced a non-brokered private placement of 5,033,333 flow through units at a price of CAD 0.15 per unit for gross proceeds of CAD 755,000 on January 4, 2018. The transaction included participation from Pavilion Flow-Through L.P., an affiliate Accilent Capital Management Inc., and will thereby increase its stake in the company from 26.42% to 26.72% on a fully diluted basis. Each flow-through unit consists of one common share on a flow- through basis 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 0.25 per share for a period of 18 months from the date of issuance. In connection with the transaction, the company paid finders' fees consisting of CAD 48,355 in cash to qualified registrants. The company also announces that it has issued 1,235,999 common shares at a deemed price of CAD 0.15 per share for CAD 185,400 of services to the company by several providers.