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West Red Lake Gold Mines Completes Acquisition Of Madsen Gold Project And Appoints Tony Makuch To Board Of Directors

West Red Lake Gold Mines Completes Acquisition Of Madsen Gold Project And Appoints Tony Makuch To Board Of Directors

06/19/23, 11:09 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgvancouver
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgvancouver
Industry
precious metals
mining
mineral
precious metals
mining
mineral
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.

Company Info

Company
West Red Lake Gold Mines
Location
Vancouver, British Columbia, Canada
Company info
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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