West Red Lake Gold Announces AGM Results
19 Décembre 2023 - 2:22AM
West Red Lake Gold Mines Ltd. (“
West Red
Lake Gold” or “
WRLG” or the
“
Company”)
(TSXV: WRLG)
(OTCQX: WRLGF) is pleased to announce the results
of its annual general meeting of shareholders held on December 15,
2023. The Company elected seven directors to its board, namely, Tom
Meredith, Shane Williams, Anthony Makuch, Duncan Middlemiss, Hugh
Agro, John Heslop, and Susan Neale.
The shareholders approved all other matters as
proposed, including the appointment of MNP LLP, Chartered
Professional Accountants as auditors of the Company and approval of
the Company’s stock option plan.
The Company further announces that on December
14, 2023, as payment of US$2,631,463 to a fund managed by Sprott
Resource Lending Corp (“Sprott”) for deferred consideration related
to the Company’s acquisition of Pure Gold Mining Inc. (the
“Obligation”), the Company issued 6,900,000 units in the capital of
the Company at a price of C$0.52 per unit (the “Units”), with each
Unit consisting of one common share of the Company and one share
purchase warrant which is exercisable into one common share of the
Company until November 28, 2026 at an exercise price of C$0.68 per
common share, and issued a replacement promissory note dated
December 14, 2023 in the amount of US$2,901,631 to Sprott for the
remaining Obligation.
ABOUT WEST RED LAKE GOLD MINES
LTD.
West Red Lake Gold Mines Ltd. is a mineral
exploration company that is publicly traded and focused on
advancing and developing its flagship Madsen Gold Mine and the
associated 47 km2 highly prospective land package in the Red Lake
district of Ontario. The highly productive Red Lake Gold District
of Northwest Ontario, Canada has yielded over 30 million ounces of
gold from high-grade zones and hosts some of the world's richest
gold deposits. WRLG also holds the wholly owned Rowan Property in
Red Lake, with an expansive property position covering 31 km2
including three past producing gold mines - Rowan, Mount Jamie, and
Red Summit.
ON BEHALF OF WEST RED LAKE GOLD MINES
LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE
CONTACT:
Freddie LeighTel: (604) 609-6132Email:
investors@westredlakegold.comor visit the Company’s website at
https://www.westredlakegold.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. The TSX Venture Exchange
has neither approved nor disapproved the contents of this news
release.
Certain information included in this press
release constitutes forward-looking information under applicable
securities legislation. Forward-looking information typically
contains statements with words such as "anticipate", "believe",
"expect", "plan", "intend", "estimate", "propose", "project",
"scheduled", "will" or similar words suggesting future outcomes or
statements regarding an outlook. The forward-looking statements
contained in this press release are based on certain key
expectations and assumptions made by the Company. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks.
For more information on the Company, investors
should review the Company’s continuous disclosure filings that are
available at www.sedarplus.ca.
West Red Lake Gold Mines (TSXV:WRLG)
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