Wesdome Gold Mines and Windarra Minerals Announce Closing of Amalgamation

TORONTO, Oct. 1, 2013 /CNW/ - Wesdome Gold Mines Ltd. ("Wesdome") (TSX:WDO) and Windarra Minerals Ltd. ("Windarra") (TSXV:WRA.V) are pleased to announce that Wesdome has completed its previously announced acquisition of all of the outstanding common shares of Windarra pursuant to the terms of a business combination agreement (the "Amalgamation"). As a result, Windarra has become a wholly-owned subsidiary of Wesdome. The common shares of Windarra were halted from trading at Windarra's request and an application has been made for the delisting of such shares from the TSX Venture Exchange. Wesdome will also cause Windarra to submit an application to cease to be a reporting issuer in each reporting jurisdiction in Canada. Under the terms of the Amalgamation, each former shareholder of Windarra will be entitled to receive one-tenth of one Wesdome common share for each Windarra common share held.

Rolly Uloth, President & CEO of Wesdome, stated "We welcome Windarra shareholders to the family. The unification of ownership in this mining camp in in everyone's best interest."

Windarra shareholders requiring assistance with submitting their shares for exchange should contact their broker or Computershare Investor Services Inc. at 1-800-564-6253 or corporateactions@computershare.com.

About Wesdome

Wesdome is in its 26th year of continuous mining operations in Canada. It currently has two producing gold mines in Wawa, Ontario and owns the Kiena Complex in Val d'Or, Québec.  Wesdome has approximately 101.8 million common shares issued and outstanding which trade on the Toronto Stock Exchange under the symbol "WDO".

About Windarra

Windarra is an established Canadian exploration company.  It has actively been involved in exploration and development projects in the Mishibishu Greenstone belt for 20 years, and holds a further 100% interest in the two Mishi mining leases consisting of approximately 705 hectares in the Mishibishu Lake township and a 25% interest in the Magnacon East property.

* * * * *

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the proposed Transaction between Windarra and Wesdome, the expected timetable for completing the Transaction, future financial and operating results, benefits and synergies of the Transaction, future opportunities for Wesdome and any other statements about the future expectations, beliefs, goals, plans or prospects expressed by the management of either Windarra or Wesdome.  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 Windarra and/or Wesdome 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 each of Windarra and Wesdome 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. Each of Windarra and Wesdome 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.

For further information:

For further information respecting Wesdome, please contact:

Rolly Uloth
President & CEO
416-360-3743 ext 25

George Mannard, P.Geo.
Vice President, Exploration
416-360-3743 ext 22

8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: invest@wesdome.com, Website: www.wesdome.com 

For further information respecting Windarra, please contact: 

John Pallot
President
Windarra Minerals Ltd.

300 - 1055 West Hastings Street
Vancouver, British Columbia, V6E 2E9
Tel: (604) 688-1508, Fax: (604) 629-7971
Email: info@windarra.com, Website: www.windarra.com

Profil de l'entreprise

Wesdome Gold Mines Ltd.

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Windarra Minerals Ltd.

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