International Wayside Gold Mines Ltd.: $767,381.50 Warrants Exercised
22 September 2009 - 11:00PM
Marketwired
International Wayside Gold Mines Ltd. (the "Company") (TSX VENTURE:
WYG)(FRANKFURT: IWUB) wishes to report that 1,534,763 warrants have
been exercised at $0.50 in two tranches on September 14, 2009 and
September 18, 2009 respectively for net proceeds of CAD$767,381.50.
These are in addition to the 5,771,407 warrants exercised on August
27, 2009 for proceeds of CAD$2,885,703, and have a combined total
of 7,306,170 warrants for proceeds of CAD$3,653,084.50. The funds
will be used for working capital and the further development of the
Bonanza Ledge Project, in Wells, British Columbia.
The Company has been developing its Cariboo Gold Project in
Barkerville, B.C., which encompasses (from northwest to south east)
the former producing Hardscrabble Tungsten Mine, Mosquito Creek
Gold Mine (now on care and maintenance), Aurum Mine, Island
Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed
mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo
Hudson Mine. The Company commenced operations in the Cariboo
District in 1994 and since that time has focused on the exploration
and development of its gold properties. Mineral tenures in the
Historic Cariboo Goldfields encompass approximately 1,065 square km
(106,484 hectares) over a 60 km long by 20 km wide belt. In the
Barkerville Gold Camp, 101 creeks have reported placer gold
production. Recorded gold production from the area totals more than
3.8 million ounces, including an estimated 2.64 million ounces from
placer mining and 1.23 million ounces from lode mining.
ON BEHALF OF THE BOARD OF DIRECTORS
J. Frank Callaghan, President and CEO
Neither 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.
Contacts: International Wayside Gold Mines Ltd. J. Frank
Callaghan President and CEO 604-669-6463 or Toll Free:
1-800-663-9688 604-669-3041 (FAX) www.wayside-gold.com
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