West Red Lake Gold Grants Equity Incentive Awards
11 Aprile 2024 - 1:00PM
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 Officers of the Company were
granted an aggregate of 4,145,400 stock options vesting over a
three year period with 25% vesting 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 $0.90 and will be exercisable
for a 5 year period.
In addition, 1,780,000 RSUs were granted to
Officers of the Company and 600,000 DSUs were granted to
non-executive 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.
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.
ON BEHALF OF WEST RED LAKE GOLD MINES
LTD.
“Shane Williams”
Shane WilliamsPresident & Chief Executive
Officer
FOR FURTHER INFORMATION, PLEASE
CONTACT:
Freddie LeighTel: (604) 609-6132Email:
investors@westredlakegold.com 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.
FORWARD-LOOKING INFORMATION
Certain statements contained in this news
release may constitute "forward-looking information” within the
meaning of applicable securities laws. Forward-looking information
generally can be identified by words such as "anticipate",
"expect", "estimate", "forecast", "planned", and similar
expressions suggesting future outcomes or events. Forward-looking
information is based on current expectations of management;
however, it is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ
materially from the forward-looking information in this news
release and include without limitation, statements relating to the
potential of the Madsen Mine; any untapped growth potential in the
Madsen depositor; the Company’s intention to establish additional
drilling platforms; and the Company’s future objectives and plans.
Readers are cautioned not to place undue reliance on
forward-looking information.
For more information on the Company, investors
should review the Company’s continuous disclosure filings that are
available on SEDAR+ at www.sedarplus.ca.
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