West Red Lake Gold Mines Inc. Announces Resignation of CEO and Issuance of Stock Options
03.09.2013 | FSCwire
West Red Lake Gold Mines Inc. Announces Resignation of CEO and Issuance of Stock Options
Toronto, Ontario CANADA, September 03, 2013 /FSC/ - West Red Lake Gold Mines Inc. (RLG - CNSX),(the "Company"), announced today that Robert Seitz has resigned as Chief Executive Officer of the Company and a member of the Audit Committee of the Company effective as of August 31, 2013. Mr. Seitz will remain as a member of the Board of Directors of the Company. Thomas W. Meredith, Chairman of the Company, has been appointed as Executive Chairman by the Board of Directors to oversee the business and affairs of the Company during the transition period until a new Chief Executive Officer is appointed by the Board. Mr. Meredith has also been appointed as a member of the Audit Committee effective as of August 31, 2013 to fill in the vacancy resulting from Mr. Seitz's resignation from the Audit Committee. On behalf of the Company, the Board thanks Mr. Seitz for his efforts and contributions during his tenure as the Chief Executive Officer of the Company.
The Company also announced today that options have been granted to the officers of the Company to purchase, in aggregate, up to 600,000 common shares in the capital of the Company at an exercise price of $0.10 per common share which may be exercised for a period of 5 years from the date of grant.
About West Red Lake Gold Mines Inc.
The Company is a Toronto-based mineral exploration company focused on the gold exploration and development business in the prolific Red Lake Mining District of Northwestern Ontario, Canada. The Company has assembled a significant property position totaling approximately 3,500 hectares in west Red Lake. The Mount Jamie Mine and Red Summit Mine properties are 100% owned by the Company and the Rowan Lake Mine property is held in a 60%-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The properties cover a 12-kilometer distance along the West Red Lake Trend, containing 3 former producing gold mines, and the Company continues to explore these properties both along strike and at depth. To find out more about the Company, please visit our website at http://www.westredlakegold.com.
For more information, please contact:
Thomas W. Meredith, Executive Chairman
Phone: 416-368-0099
Email: tmeredith@westredlakegold.com
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/WestRedLakeSept32013.pdf
Source: West Red Lake Gold Mines Inc. (CNSX: RLG) www.westredlakegold.com
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