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Wesdome Gold Mines announces new Annual General Meeting date and warns against attempt to derail progress at the Company
Wesdome Gold Mines announces new Annual General Meeting date and warns against attempt to ...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\nWesdome Gold Mines announces new Annual General Meeting date and warns against attempt to derail progress at the Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nWesdome Gold Mines announces new Annual General Meeting date and warns against attempt to derail progress at the Company\nCanada NewsWire\nTORONTO, May 30, 2016\n\n\n\n\nThe erratic withhold campaign initiated by Resolute Fund's Tom Stanley will introduce unnecessary risk into shareholders' investments in Wesdome \nIn order for shareholders to see long-term value creation at Wesdome it is imperative they stay the course with the strong leadership of the enhanced board the Company has nominated \n\n\n\nTORONTO, May 30, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) (\"Wesdome\" or the \"Company\") announces it has set June 14, 2016 as the rescheduled date for the previously postponed Annual General Meeting of shareholders (\"AGM\"), and is taking action to ensure progress at the Company is not derailed by Resolute Funds Limited -- a small fund run by a single individual, Tom Stanley. Details about the new AGM can be found at the bottom of this release. \n\n\"We are at a critical time in the history of our Company and cannot afford to risk our progress to the short-term whims of a single individual,\" said Rowland Uloth, President and CEO of Wesdome.  \"To ensure we remain on track to create long-term value for all shareholders it is important that we have a board in place with the right expertise and experience needed to steer the Company through the most aggressive exploration and expansion campaign in our history.  While the slate of director nominees the Company has put forward will significantly enhance our ability to execute on our current strategy and can be trusted to act in the best interest of all shareholders, Mr. Stanley's consistently inconsistent demands will leave the Company adrift and open to a value destroying fire sale.\"  \n\nENHANCED BOARD HAS A PLAN TO CREATE VALUE FOR ALL SHAREHOLDERS\n\nWesdome is committed to remaining fo...