West Red Lake Gold Mines Ltd. is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents, to increase the size of its previously announced private placement of units to US$23,000,000 from US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date to cover over-allotments, if any. Each Unit will contain gold-linked notes in the aggregate principal amount of US$1,000 and 710 common share purchase warrants . Each whole Warrant will entitle the holder to purchase one common share of the Company at an exercise price of C$0.95 per share for a period of 60 months following t...