West Red Lake Gold Mines Completes Acquisition Of Madsen Gold Project And Appoints Tony Makuch To Board Of Directors
Acquiring Company
West Red Lake Gold Mines
Description
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that it has completed the acquisition (the “Acquisition”) of the Madsen Gold Project through the acquisition of all of the outstanding shares of Pure Gold Mining Inc. (“PGM”). The Acquisition was completed on June 16, 2023 pursuant to the Approval and Reverse Vesting Order granted (the “Order”) in PGM’s proceedings under the Companies’ Creditors Arrangement Act. The Order approved the transactions contemplated in the Share Purchase Agreement entered into between the Company, PGM and a fund managed by Sprott Resource Lending Corp. dated May 17, 2023.
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