06:48:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



West Red Lake Gold Mines Ltd
Symbol WRLG
Shares Issued 197,508,304
Close 2024-04-10 C$ 0.90
Market Cap C$ 177,757,474
Recent Sedar Documents

West Red Lake Gold Mines grants options, RSUs, DSUs

2024-04-11 09:41 ET - News Release

Mr. Shane Williams reports

WEST RED LAKE GOLD GRANTS EQUITY INCENTIVE AWARDS

West Red Lake Gold Mines Ltd. has granted stock options, restricted share units (RSUs) and deferred share units (DSUs), in accordance with the company's stock option plan and its RSU and DSU plan.

Directors and officers of the company were granted an aggregate of 4,145,400 stock options vesting over a three-year period, with 25 per cent vesting in three months from the grant date and 25 per cent vesting on the first, second and third anniversaries of the grant date at an exercise price of 90 cents. The options are exercisable for a five-year period.

In addition, 1.78 million RSUs were granted to officers of the company and 600,000 DSUs were granted to non-executive directors. The RSUs will vest over three years in three equal tranches on the first, second and third anniversaries of the grant date, and the DSUs will vest on the first anniversary of the grant date.

The grant of stock options, RSUs and DSUs is subject to regulatory acceptance by the TSX Venture Exchange.

About West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen gold mine and the associated 47-square-kilometre, highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake gold district of Northwestern Ontario, Canada, has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. West Red Lake Gold Mines also holds the wholly owned Rowan property in Red Lake, with an expansive property position covering 31 square kilometres, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit.

We seek Safe Harbor.

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