TORONTO, Sept. 12 /CNW/ - Moss Lake Gold Mines Ltd. is pleased to
announce its intention to issue approximately 1,226,826 common shares (the
"Shares") to Wesdome Gold Mines Ltd. pursuant to a shares for debt
transaction. The issuance of the Shares will extinguish approximately
$306,706.50 of debt which was previously announced in a press release dated
April 24, 2006. All of the Shares will be issued at a price of $0.25 per
Share, and will be subject to a four month restricted resale period from the
date of closing. The transaction is expected to close on or before
September 19, 2008 and is subject to the approval of the TSX Venture Exchange.
Moss Lake Gold Mines Ltd. trades on the TSX Venture Exchange under the
symbol "MOK" and has 43,887,238 shares issued and outstanding.
For further information:
For further information: on Moss Lake Gold Mines Ltd. please contact:
George Mannard, President or Donovan Pollitt, VP Corporate Development, 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: email@example.com, Website: