INK Edge Highlights
Wesdome Gold Mines (T:WDO) has notable insider selling
Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Tuesday Aug 30, 2016 12:00 AM EDT
Barry George Smith, a Director, disposed 500,000 Common Shares on an indirect ownership basis for registered holder B G Smith Inc at a price of $2.360 through the public market on August 26th, 2016. This represents a $1,180,000 divestment of the company's shares and an account share holdings change of -50.0%.Rowland Wallace Uloth, a Director, disposed 750,000 Common Shares on an indirect ownership basis for registered holder R W Uloth Inc at a price of $2.359 through the public market on August 26th, 2016. This represents a $1,769,250 divestment of the company's shares and an account share holdings change of -75.0%.
Wesdome Gold Mines Ltd. is engaged in gold mining operations. The Company is producing gold at the Eagle River Complex and open pit Mishi gold mines. Its Eagle River Complex is located in Central Ontario, which includes the Eagle River Mine, the Mishi Mine and shared infrastructure, including the mineral processing plant. It also owns exploration assets and infrastructure in Val d'Or, Quebec (the Quebec Wesdome Properties) and the Moss Lake Property located near Thunder Bay, Ontario. Its mineral properties include over 11,010 hectares of staked claims, patented claims and mining leases. The Mishi property is located approximately 10 kilometers to the north in the Mishibishu Lake area. The Eagle River Mine is located approximately 50 kilometers due west of Wawa, Ontario, and over 60 kilometers southeast of Hemlo. It holds interest in Moss Lake property, which is located in the Shebandowan Greenstone Belt, approximately 100 kilometers due west of Thunder Bay, Ontario.
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