Business
West Red Lake Gold Mines to Host Red Lake Town Hall Meeting
VANCOUVER, British Columbia, Sept. 27, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 27, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce a Town Hall meeting in Red Lake to engage with community members about the Company’s plans at the Madsen Mine and to recruit new employees. West Red Lake Gold aims to restart the Madsen Mine in 2025. In preparation, the Madsen site is very active: underground there are 2 to 3 development crews active at all times alongside 2 definition drill rigs, while on surface there are multiple large capital projects happening alongside an exploration drilling program. “We have been active at the Madsen Mine site for over a year and are pushing to restart this mine in 2025,” said Shane Williams, President and CEO. “We are keen to host this Town Hall meeting so we can communicate our plans, hear feedback from the community, and spread the word that we will be hiring for multiple positions over the next six months.” West Red Lake Gold’s Town Hall is happening Wednesday October 2 at the Red Lake Legion, located at 31 Highway 105. The Town Hall will take place in two sessions (2:00-4:00 and 7:00-9:00). Each session will start with a presentation by Mine General Manager Michael Procyk on the company’s activities and plans. After that, everyone in attendance is welcome to engage with management from all Madsen Mine site departments about job openings, questions, and concerns. The Company encourages anyone interested in working at the Madsen Mine to attend the Town Hall or contact [email protected]. Market Making Service Contract West Red Lake announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement dated September 25, 2024 between the Company and ICP, with a start date of September 25, 2024. The agreement is for four (4) months (the “Initial Term”) and shall be automatically renewed for subsequent one (1) month terms (each month called an “Additional Term”) unless either party provides at least thirty (30) days written notice prior to the e...