A Vancouver-based mining company has issued two tranches of gold-linked notes through agents led by Raymond James while waiting to harvest its recurring revenue.

West Red Lake Gold Mines Ltd (WRLG) has closed its maiden issuance of two tranches of gold-linked notes worth US$24.3m in private placements to enhance its liquidity. The key advantage of this structure is that in depressed equity markets, it allows us to raise money with minimum share dilution - Harpreet Dhaliwal, WRLG ‘The gold-linked notes are an unusual but innovative financing structure,’ said Harpreet Dhaliwal (pictured) , CFO of WRLG. ‘The key advantage of this struc

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