20:22:12 EST Mon 04 Dec 2023
Enter Symbol
or Name

West Red Lake Gold Mines Ltd
Symbol WRLG
Shares Issued 120,354,729
Close 2023-09-22 C$ 0.63
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West Red Lake appoints Dhaliwal as CFO

2023-09-25 12:01 ET - News Release

Mr. Shane Williams reports


West Red Lake Gold Mines Ltd. has appointed Harpreet Dhaliwal to the position of chief financial officer, effective Nov. 15, 2023.

Shane Williams, president and chief executive officer, commented: "On behalf of entire West Red Lake Gold team, I would like to welcome Harpreet to the organization, and we are delighted to have someone of Harpreet's calibre join the team. Harpreet's experience in the mining industry in the CFO role is well established, and she joins West Red Lake Gold at an exciting time in the company's stage of development."

Ms. Dhaliwal, CPA, CA, is a highly regarded and accomplished financial executive with 16 years of extensive experience in the resource sector. A graduate of the University of British Columbia, Ms. Dhaliwal commenced her career in the public accounting field before transitioning to the resource sector working with Uranium One Inc., American Bonanza Gold Corp., Endeavour Mining Corp., Fiore Management & Advisory Corp., and Leagold Mining Corp.

Most recently, Ms. Dhaliwal served as the chief financial officer at NexGen Energy Ltd. Ms. Dhaliwal was responsible for implementing controls across the organization which led to NexGen's successful inaugural SOX compliance reporting. She successfully led the filing of the $500-million base shelf prospectus and the $250-million at-the-market equity program and ensured compliance on all listed exchanges, including the Toronto Stock Exchange, the New York Stock Exchange and the Australian Securities Exchange. She was also responsible for the implementation of an ERP (enterprise resource planning) system, maintaining the company's information technology infrastructure, and working with the project teams on delivering effective budgeting, forecasting and management reporting.

At her previous role at Leagold Mining as CFO, she was responsible for the design and implementation of financial and management reporting, treasury, and working with the operations and project teams on developing budgets and forecasts for multiple producing multijurisdictional mines. She was a valuable member of a team that successfully completed numerous mergers and acquisitions supported by debt and equity financings and led integrated lean and efficient finance teams.

The company would like to thank current CFO and corporate secretary Jasvir Kaloti for her continued dedication and contributions. Ms. Kaloti will remain as the corporate secretary following the appointment of Ms. Dhaliwal as CFO on Nov. 15, 2023.

The company further announces that it has entered into an agreement dated Sept. 14, 2023, to issue 50,000 common shares of the company at a deemed price of 60 cents per debt share in settlement of $30,000 of amounts owing to an arm's-length creditor. The issuance of the debt shares is subject to the prior approval of 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 also holds the wholly owned Rowan property in Red Lake, with an expansive property position covering 31 square km, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit.

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