Business
DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE AMALGAMATION AGREEMENT FOR BUSINESS COMBINATION
DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE AMALGAMATION AGREEMENT FOR ...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"\n \n \n \n DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE AMALGAMATION AGREEMENT FOR BUSINESS COMBINATION\n \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 \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO A U.S. PERSON/\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 15, 2022\n \n \n /CNW/ -\n \n DLV Resources Ltd.\n \n (\"\n \n DLV\n \n \") (TSXV: DLV.H)\n \n and West Red Lake Gold Mines Inc. (\"RLG\")\n \n (CSE: RLG) are pleased to announce that they have entered into an amalgamation agreement in connection with the previously announced binding agreement pursuant to which DLV has agreed to acquire all of the issued and outstanding common shares of RLG in consideration for the issuance of 0.1215 of a DLV common share for each RLG common share acquired (the \"\n \n Transaction\n \n \").\n \n \n RLG currently intends to hold a shareholder meeting on\n \n November 10, 2022\n \n in connection with obtaining its requisite shareholder approvals for the Transaction.\n \n \n The Transaction is subject to customary closing conditions, including regulatory approvals, and receipt of required approvals from the shareholders of RLG.\n \n \n \n ON BEHALF OF DLV RESOURCES LTD.\n \n \n \n \n \"Geir Liland\"\n \n \n \n \n \n Geir Liland,\n \n \n \n \n Chief Executive Officer\n \n \n \n \n \n ON BEHALF OF\n \n WEST RED LAKE\n \n GOLD MINES LTD.\n \n \n \n \n \"John Kontak\"\n \n \n \n \n \n \n John Kontak\n \n \n \n \n \n President\n \n \n \n \n \n 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.\n \n \n \n \n \n \n The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.\n \n \n \n \n \n Certain statements contained in this news release constitute \"forward-looking statements\". When used in this document, the words \"anticipated\", \"exp...