Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s): WDOFF

Metals & Mining Gold

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.

TSX:WDO - Post by User

Wesdome Gold Mines Ltd

Bullboard Posts

Post by tinyjuliuson Mar 12, 2013 9:08pm

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Post# 21119758

MOSS LAKE

Moss lake must be in the future plans of Wesdome. I just noticed that Wesdome wrote an ad for Moss Lake Gold Mines. And I just now realized that the insider that bought those shares recently at 90 cents was the president of Moss Lake Gold. Plus the 2 million dollar loan in 2011. I know that Moss Lake has been mentioned on Wesdome's web site but WDO sure has its fingers all over this company.

MOSS LAKE – MATERIAL INCREASE IN MINERAL RESOURCES

Written by Wesdome Gold Mines Ltd. on 20 February 2013 https://www.karinahunter.com/?p=45517

George Mannard is President of Moss Lake Gold Mines

As of 11:59pm ET March 11th, 2013
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Price
Feb 1/13	Jan 31/13	Mannard, George Nelson	Direct Ownership	Options	50 - Grant of options	100,000	$0.920
Feb 1/13	Jan 31/13	Mannard, George Nelson	Direct Ownership	Common Shares	10 - Acquisition in the public market	150,000	$0.900

MOSS LAKE GOLD MINES LTD. ANNOUNCES $2,000,000 LOAN FROM WESDOME GOLD MINES LTD. AND ISSUANCE OF NOTE

Apr. 29, 2011 (Canada NewsWire Group) --./

TORONTO, April 29 /CNW/ - Moss Lake Gold Mines Ltd. ("Moss Lake") is pleased to announce that it has obtained a $2,000,000 loan (the "Loan") from Wesdome Gold Mines Ltd. ("Wesdome") as was originally announced by press release on April 25, 2011. In consideration therefor, Moss Lake issued to Wesdome a convertible unsecured promissory note having a two year term and bearing interest at a rate of 8% per annum (the "Note"). The principal amount of the Note is to be convertible into common shares in the capital of Moss Lake (each a "Moss Lake Share" or a "Share") at $0.50 per Share. The Note remains subject to regulatory approval, including the approval of the TSX Venture Exchange (the "TSXV").

At present, Wesdome owns approximately 57.5% of the issued and outstanding Moss Lake Shares and Wesdome and Moss Lake have certain directors and officers in common. If Wesdome converts the principal amount of the Note into Moss Lake Shares, Wesdome will acquire an additional 4,000,000 Moss Lake Shares (or an additional 3.36% of the issued and outstanding Moss Lake Shares as at today's date). Moss Lake is currently indebted to Wesdome in the amount of approximately $334,000.

imerc23 on the MOK bullboard wrote:

Donovan Pollitt, CEO of Wesdome GOld briefly mentioned Moss Lake his presentation prepared for the Denver Gold Forum this week.

https://www.denvergoldforum.org/dgf12/company-webcast/WDO:CN

Beginning at 13:30:

"We own Moss Lake Gold Mines. We loaned them $2 million, they just started a Preliminary Economic Assessment. Having just gone through all the permitting with Mishi last year, we see a roadmap for taking this project forward and de-risking it for ourselves or anyone else that's interested in it, but at the same time, it's the same path forward with a lot of techical work being done by big name consultants. That's happening right now. "

Sounds very positive. Note as well that he speaks as if WDO owns 100% of MOK. Perhaps they're thinking of buying out MOK's minority shareholders.