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Wesdome to sell Moss Lake to Goldshore Resources for $57M A map of the Moss Lake deposit in Ontario. Credit: Wedome Mines. TSX Venture-listed Sierra Madre Developments (TSXV: SMG.H) has entered into an amalgamation agreement to acquire B.C.-incorporated and privately held Goldshore Resources. Separately, Goldshore has entered into an asset purchase agreement with gold producer Wesdome Gold Mines (TSX: WDO), to acquire the 143-sq.-km Moss Lake gold project, 100 km west of Thunder Bay, for an estimated total consideration of about $57 million. After Goldshore completes the reverse takeover of...

Article content TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) is pleased to announce that it has entered into a definitive purchase agreement (the “Agreement”) with Goldshore Resources Inc. (“Goldshore”) to monetize its Moss Lake Project (“Moss Lake”) located in Ontario, Canada (the “Transaction”). Pursuant to the Agreement, Goldshore will acquire all of Wesdome’s property, assets and rights related to Moss Lake. Following the closing of the Transaction (“Closing”), Goldshore will hold a 100% interest ...