West Red Lake Gold Mines Ltd. (WRLG.WT.B) Warrant
Each WRLG.WT.B warrant gives the holder the right to buy 1 share of West Red Lake Gold Mines Ltd. at C$0.90 per share, until October 24, 2027. The stock last closed at C$0.76, below the strike, so the warrant is out of the money. West Red Lake Gold Mines Ltd. has a market value of about C$315.55M. There are 396.32M listed warrants; exercising all of them would add 95.5% to the 415.20M shares outstanding.
WRLG vs strike, last 12 months
No share-price history for WRLG yet.
Key terms
- Strike per share
- C$0.90
- Shares per warrant
- 1
- Cash to exercise one warrant
- C$0.9000
- Expiry
- 2027-10-24
- Redemption trigger
- none stated
- Cashless exercise
- —
- Acceleration clause
- none
- Break-even stock price
- C$1.11
From the issuer's filing.
Company and stock
- Company
- West Red Lake Gold Mines Ltd.
- Underlying stock
- WRLG
- Share price
- C$0.76
- Market cap
- C$315.55M
- Shares outstanding
- 415.20M
- Value of all listed warrants
- C$83.23M (26.4% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-03).
Model value vs price Pro
- Model value
- Last price
- C$0.2100
- Price / model
Get Pro to see whether WRLG.WT.B is cheap or rich against our model.
Dilution
- Shares outstanding
- 415.20M
- Listed warrants
- 396.32M
- Dilution if all exercised
- 95.5%
Warrant count from TMX listing data (listed warrants).
Filings and events
Questions about WRLG.WT.B
When does the WRLG.WT.B warrant expire?
WRLG.WT.B expires on October 24, 2027.
What is the strike price of WRLG.WT.B?
C$0.90 per share; each warrant converts into 1 share, so exercising one warrant costs C$0.9000.
Can West Red Lake Gold Mines Ltd. redeem the WRLG.WT.B warrants early?
The source filing we read lists no stock-price redemption trigger.
How many WRLG.WT.B warrants are outstanding?
396.32M listed warrants, equal to 95.5% dilution if all are exercised.