Business
Wesdome Gold Mines Ltd. announces trading of 7% convertible debentures set to commence on the TSX
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/...
About this update from Wesdome Gold Mines Ltd.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.\n NEWSWIRE SERVICES/\n\n\nTORONTO, Sept. 26, 2012 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) (the\n \"Company\" or \"Wesdome\") is pleased to announce that trading in the 7%\n senior unsubordinated convertible debentures (the \"Debentures\")\n originally issued by private placement on May 24, 2012 is expected to\n commence on the Toronto Stock Exchange on Friday, September 28, 2012\n under the symbol \"WDO.DB.A\". The Debentures were subject to a hold\n period of four months and one day as prescribed by applicable\n securities legislation however such hold period expired on September\n 25, 2012. The Debentures were issued in the aggregate principal amount\n of C$7,021,000.  They bear interest at a rate of 7% per annum payable\n semi-annually, will be convertible into common shares of the Company\n (the \"Common Shares\") at a price of $2.50 per Common Share and will\n mature on May 24, 2017.\n\n\nABOUT WESDOME\n\n\nWesdome is celebrating its 25th year of continuous mining operations in Canada.  It currently has three\n producing gold mines with wholly-owned mining and milling complexes\n located in Wawa, Ontario and Val d'Or, Québec.  The Company has\n approximately 101.9 million Common Shares issued and outstanding and\n trades on the TSX under the symbol \"WDO\".\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the securities in the United States. The\n securities have not been and will not be registered under the United\n States Securities Act of 1933, as amended (the \"U.S. Securities Act\"),\n or any state securities laws, and may not be offered or sold within the\n United States unless registered under the U.S. Securities Act and\n applicable state securities laws or an exemption from such registration\n is available.\n\n\nThis news release contains \"forward-looking information\" which may\n include, but is not limited to, statements with respect to the expected\n commencement date of trading in the Debentures.  Often, but not always,\n forward-looking statements can be identified by the use of words such\n as \"plans, \"expects\", \"is expected\", \"budget\", \"scheduled\",\n \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or \"believes\" or\n va...