FULL DISCLOSURE: This is sponsored content for West Red Lake Gold.
A management shakeup is underway at West Red Lake Gold Mines (TSXV: WRLG). The firm this morning revealed that former chief executive officer Tom Meredith has transitioned to the role of Executive Chairman, making way for a new CEO to lead the company.
Taking on the top title at the company is Shane Williams, whom will also have the role of President of the firm. Williams is an accomplished mining executive, with experience in mine restarts and builds. He previously served as COO of Skeena Resources (TSX: SKE), whom is in the process of restarting the Eskay Creek gold mine. Prior to that, he was responsible for the restart of the Lamaque gold project in Quebec for Eldorado Gold (TSX: ELD).
“I see a major opportunity here to establish a significant mining company. Our goal is to build the premier growth-focused gold company. We will expand and de-risk the Company’s assets through comprehensive and modern techniques. Getting Madsen back up and running better than ever is just one part of our vision to create a world-class company and I will bring all of my energy to the role,” commented Williams on taking on the role.
At the same time, Duncan Middlemiss has been appointed as an independent director, following the resignation of Ryan Weymark. Middlemiss is a professional engineer, and previously served as CEO of Wesdome Gold Mines (TSX: WDO) and St Andrews Goldfields. Additional roles include time served as Inco Gold, Barrick Gold, and Foxpoint Resources (now Agnico Eagle), among other names in the industry.
“I am looking forward to working closely with Shane and Duncan in my new role as Executive Chairman. Over the past couple months, we have taken a great many strides forward and are becoming a name synonymous with the Red Lake Gold camp. Both Shane and Duncan add incredible leadership and bench strength to an already talented group,” commented Tom Meredith, Executive Chairman.
West Red Lake Gold last traded at $0.70 on the TSX Venture.
FULL DISCLOSURE: West Red Lake Gold Mines is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of West Red Lake Gold Mines. The author has been compensated to cover West Red Lake Gold Mines on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.