Wesdome Early Warning
Wesdome Early Warning News Release
TORONTO, Dec. 06, 2023 -- 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 WESDOME
Wesdome 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 Dunlop
VP Investor Relations
416-360-3743 ext. 2025
220 Bay St, Suite 1200
Toronto, ON, M5J 2W4
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Website: www.wesdome.com
PDF available: http://ml.globenewswire.com/Resource/Download/24bb8da0-485a-4c04-a183-6fb29240d2f4