Business
Wesdome Gold Mines and Windarra Minerals Announce Closing of Amalgamation
TORONTO , Oct. 1, 2013 /CNW/ - Wesdome Gold Mines Ltd. (" Wesdome ") (TSX:WDO) and Winda...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\nTORONTO, Oct. 1, 2013 /CNW/ - Wesdome Gold Mines Ltd. (\"Wesdome\") (TSX:WDO) and Windarra Minerals Ltd. (\"Windarra\") (TSXV:WRA.V) are pleased to announce that Wesdome has completed its\n previously announced acquisition of all of the outstanding common\n shares of Windarra pursuant to the terms of a business combination\n agreement (the \"Amalgamation\"). As a result, Windarra has become a wholly-owned subsidiary of\n Wesdome. The common shares of Windarra were halted from trading at\n Windarra's request and an application has been made for the delisting\n of such shares from the TSX Venture Exchange. Wesdome will also cause\n Windarra to submit an application to cease to be a reporting issuer in\n each reporting jurisdiction in Canada. Under the terms of the\n Amalgamation, each former shareholder of Windarra will be entitled to\n receive one-tenth of one Wesdome common share for each Windarra common\n share held.\n\n\nRolly Uloth, President & CEO of Wesdome, stated \"We welcome Windarra\n shareholders to the family. The unification of ownership in this mining\n camp in in everyone's best interest.\"\n\n\nWindarra shareholders requiring assistance with submitting their shares\n for exchange should contact their broker or Computershare Investor\n Services Inc. at 1-800-564-6253 or [email protected].\n\n\nAbout Wesdome\n\n\nWesdome is in its 26th year of continuous mining operations in Canada.\n It currently has two producing gold mines in Wawa, Ontario and owns the\n Kiena Complex in Val d'Or, Québec.  Wesdome has approximately 101.8\n million common shares issued and outstanding which trade on the Toronto\n Stock Exchange under the symbol \"WDO\".\n\n\nAbout Windarra\n\n\nWindarra is an established Canadian exploration company.  It has\n actively been involved in exploration and development projects in the\n Mishibishu Greenstone belt for 20 years, and holds a further 100%\n interest in the two Mishi mining leases consisting of approximately 705\n hectares in the Mishibishu Lake township and a 25% interest in the\n Magnacon East property.\n\n\n* * * * *\n\n\nThis news release contains \"forward-looking information\" which may\n include, but is not limited to, statements with respect to the proposed\n Transaction between Windarra and Wesdome, the expected timetable for\n completing th...