09:06:24 EDT Sat 04 May 2024
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West Red Lake Gold Mines Inc
Symbol RLG
Shares Issued 51,341,648
Close 2013-08-26 C$ 0.01
Market Cap C$ 513,416
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West Red Lake's Seitz quits as CEO

2013-09-03 10:01 ET - News Release

Mr. Thomas Meredith reports

WEST RED LAKE GOLD MINES INC. ANNOUNCES RESIGNATION OF CEO AND ISSUANCE OF STOCK OPTIONS

West Red Lake Gold Mines Inc.'s Robert Seitz has resigned as chief executive officer of the company and a member of the audit committee of the company, effective as of Aug. 31, 2013. Mr. Seitz will remain as a member of the board of directors of the company. Thomas W. Meredith, chairman of the company, has been appointed as executive chairman by the board of directors to oversee the business and affairs of the company during the transition period until a new chief executive officer is appointed by the board. Mr. Meredith has also been appointed as a member of the audit committee effective as of Aug. 31, 2013, to fill in the vacancy resulting from Mr. Seitz's resignation from the audit committee. On behalf of the company, the board thanks Mr. Seitz for his efforts and contributions during his tenure as the chief executive officer of the company.

The company also announced today that options have been granted to the officers of the company to purchase, in aggregate, up to 600,000 common shares in the capital of the company at an exercise price of 10 cents per common share which may be exercised for a period of five years from the date of grant.

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