West Red Lake Gold Grants Equity Incentive Awards
June 26, 2023
West Red Lake Gold Grants Equity Incentive Awards
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company” )
(TSXV:WRLG) (OTCQB: WRLGF) announces the grant of stock options , restricted share units
(“RSUs”) and deferred share units (“DSUs”) in accordance with the Company’s stock option plan,
and its RSU and DSU Plan.
Directors and O fficers of the Company were granted a n aggregate of 3,800,000 stock options
vesting over a three year period with 25% vest ing in 3 months from the grant date and 25%
vesting on the first, second and third anniversary of the grant date at an exercise price of $0.6 2
and will be exercisable for a 5 year period.
In addition, 1, 030,000 RSUs were granted to Officers of the Company and 600,000 DSUs were
granted to Directors. The RSUs will vest over three years in three equal tranches on the first,
second and third anniversary of the grant date and DSUs will vest on the first anniversary of the
grant date.
An investor relations service provider was granted 300,000 stock options which will vest over a
12 month period with 75,000 stock options vesting every three months following the grant date
at an exercise price of $0.62 and will be exercisable for a 5 year period.
The grant of Stock Options, RSUs, DSUs, and is subject to regulatory acceptance of the TSX
Venture Exchange.
ABOUT WEST RED LAKE GOLD MINES
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:
Amandip Singh, VP Corporate Development
Tel: 416-203-9181
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.
Certain statements contained in this news release constitute "forward -looking statements".
When used in this document, the words "anticipated", "expect", "estimated", "forecast",
"planned", and similar expressions are intended to identify forward- looking statements or
information. These statements are based on current expectations of management, however, they
are subject to known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from the forward-looking statements in this news release. Readers are
cautioned not to place undue reliance on these statements. West Red Lake Gold Mines Ltd. does
not undertake any obligation t o revise or update any forward - looking statements as a result of
new information, future events or otherwise after the date hereof, except as required by securities
laws.