WESDOME ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED SALE OF THE MOSS LAKE PROJECT TO GOLDSHORE RESOURCES
- Initial cash payment of $12.5 million;
- 30,085,000 Goldshore common shares acquired through Wesdome’s wholly-owned subsidiary Moss Lake Gold Mines Ltd. (“Moss Lake”), having a current aggregate value of $19.6 million and representing 30% of the issued and outstanding common shares of Goldshore following completion of the Transaction on a non-diluted basis;
- $20 million in common shares of Goldshore in the form of milestone payments consisting of:
- $5 million within 12 months of closing;
- $7.5 million upon the earlier of (i) Goldshore completing an updated PEA or pre-feasibility study; and (ii) 30 months from closing;
- $7.5 million upon the earlier of (i) Goldshore completing a feasibility study; (ii) the date on which Goldshore makes a development decision on the Moss Lake Project; and (iii) 48 months from closing;
- The grant to Wesdome of a 1.0% NSR royalty on all metal production from the Moss Lake Project. Goldshore shall have the right to repurchase the NSR royalty for (i) $5.0 million within 30 months of closing; or (ii) $7.5 million between 30 – 48 months from closing. The royalty buyback rights shall expire if not exercised within 48 months of closing.
Source: https://www.wesdome.com/news/press-releases/#8f699218424604b070c2f00739c1451d
This position is responsible for supporting end-users primarily at our Eagle River Mine Complex.
This position is accountable for supporting accounting processes as well as the processing of accounts payable in a manner consistent with established policies and procedures.
Ensure that all buildings, and infrastructures on Wesdome property, as well as roads, culverts, & bridges are properly maintained Work in a safe, environmentally friendly, and cost-effective manner.
Heavy Equipment Mechanic is responsible, as part of a team, for maintaining the equipment and mechanical systems of the Eagle River Mine site to ensure smooth and continuous operation.
- Reporting to the Maintenance Projects, Mobile & Mine Fixed Plant Superintendent
- Ensuring compliance with health and safety and environmental regulations and policies is of primary importance with this position.
Reporting to the Eagle River Maintenance Planner or designate, the successful candidate will perform the maintenance and repairs of all surface, underground stationary equipment, long hole buggies, compressors rock breakers and pumps at the mine site.
Reporting to the Mine General Manager, the Manger of Asset Management & Reliability will be an inspirational and innovative leader responsible and accountable for operational performance excellence in the Asset Management and Reliability Department.
- The Millwright is responsible for doing the maintenance of the milling operation equipment.
- Reports to Lead hand Millwright and Mill General Foreman
The Chief Mine Geologist will be responsible and accountable for all work conducted by the Geology Department while ensuring the work is safe, cost effective and makes the most efficient use of manpower and materials.