Wesdome Gold Mines Announces Results of Postponed Annual General Meeting

TORONTO, June 14, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) (the "Company") announces the results of the Company's postponed annual general meeting held today.

There were 90,066,171 common shares, representing 75.88% of the total issued and outstanding shares, voted at the meeting. Excluding the withhold votes cast by Resolute Fund, each director who was elected received approximately 80% or above support. 

The following six individuals were elected as directors of the Company, until the next annual meeting of shareholders, as set out in the table below:

In addition, Grant Thornton LLP, Chartered Accountants, were re-appointed as the Company's auditors for the ensuing year. Please refer to the Company's Report of Voting Results filed on SEDAR at www.sedar.com for detailed results.

ABOUT WESDOME

Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada.  The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines.  The Company's goal is to expand current operations at both mines over the next four years through mill expansion and exploration.  The Company has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario.  These assets are being explored and evaluated to be developed in the appropriate gold price environment.  The Company has approximately 129 million shares issued and outstanding which trade on the Toronto Stock Exchange under the symbol "WDO".

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Wesdome Gold Mines Ltd.