West Red Lake Gold Announces AGM Results
December 18, 2023
Vancouver, British Columbia
West Red Lake Gold Announces AGM Results
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 1 5, 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 r elated 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 Co mpany and one share purchase warrant
which is exercisable into one common share of the Co mpany 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.
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ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Freddie Leigh
Tel: (604) 609-6132
Email: [email protected]
or 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.