Wesdome Early Warning News Release
07 December 2023 - 8:30AM
Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF)
(“
Wesdome” or the “
Company”)
today announces that it has disposed of 31,822,249 common shares of
Goldshore Resources Inc. (TSXV: GSHR)
(“
Goldshore”), for gross proceeds of $3,182,225
through the facilities of the TSX Venture Exchange.
Previously to the closing of the Transaction,
the Company held, directly or indirectly, 38,418,333 common shares
of Goldshore representing approximately 15.5% of Goldshore’ issued
and outstanding common shares.
Following the sale and subsequent to the receipt
of 12,500,000 common shares pursuant to the second milestone
payment (See: “Wesdome Gold Mines to Monetize Moss Lake via Vend-In
Transaction With Goldshore Resources”), Wesdome’s ownership
directly or indirectly, stands at 19,096,084 common shares of
Goldshore representing approximately 7.4% of the issued and
outstanding common shares of Goldshore.
The Company disposed of the securities described
in this press release in accordance with applicable securities
laws, the Company may, from time to time and at any time, acquire
common shares and/or other equity, debt or other securities or
instruments (collectively, “Securities”) of
Goldshore in the open market or otherwise, and reserves the right
to dispose of any or all of its Securities in the open market or
otherwise at any time and from time to time, and to engage in
similar transactions with respect to the Securities, the whole
depending on market conditions, the business and prospects of
Goldshore and other relevant factors.
A copy of the early warning report to be filed
by the Company in connection with the Transaction described above
will be available on SEDAR+ under Goldshore’s profile. This news
release is issued under the early warning provisions of the
Canadian securities legislation.
Goldshore’s head office is located at 1030 West
Georgia Street, Suite 918, Vancouver, BC, V6E 2Y3. Goldshore is
listed on the TSX Venture Exchange under the symbol “GSHR”.
ABOUT WESDOMEWesdome is a
Canadian focused gold producer with two high grade underground
assets, the Eagle River mine in Ontario and the recently
commissioned Kiena mine in Quebec. The Company’s primary goal is to
responsibly leverage this operating platform and high-quality
brownfield and greenfield exploration pipeline to build Canada’s
next intermediate gold producer. Wesdome trades on the Toronto
Stock Exchange under the symbol “WDO”, with a secondary listing on
the OTCQX under the symbol “WDOFF”.
This press release is being disseminated
as required by National Instrument 62-103 The
Early Warning System and Related Take Over Bid and Insider
Reporting Issues. For further information and to
obtain a copy of the early warning report filed under applicable
Canadian provincial and territorial securities legislation in
connection with this announcement, please go to Wesdome’s profile
on SEDAR+ or contact:
Lindsay Carpenter DunlopVP Investor
Relations416-360-3743 ext. 2025invest@wesdome.com
220 Bay St, Suite 1200Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSXPhone: 416-360-3743,
Fax: 416-360-7620
Website: www.wesdome.com
PDF available:
http://ml.globenewswire.com/Resource/Download/24bb8da0-485a-4c04-a183-6fb29240d2f4
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