/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED
STATES OR TO A U.S. PERSON/
VANCOUVER, BC, Sept. 15,
2022 /CNW/ - DLV Resources Ltd. ("DLV")
(TSXV: DLV.H) and West Red Lake Gold Mines Inc. ("RLG")
(CSE: RLG) are pleased to announce that they have entered into an
amalgamation agreement in connection with the previously announced
binding agreement pursuant to which DLV has agreed to acquire all
of the issued and outstanding common shares of RLG in consideration
for the issuance of 0.1215 of a DLV common share for each RLG
common share acquired (the "Transaction").
RLG currently intends to hold a shareholder meeting on
November 10, 2022 in connection with
obtaining its requisite shareholder approvals for the
Transaction.
The Transaction is subject to customary closing conditions,
including regulatory approvals, and receipt of required approvals
from the shareholders of RLG.
ON BEHALF OF DLV RESOURCES LTD.
"Geir Liland"
Geir Liland,
Chief Executive
Officer
ON BEHALF OF WEST RED LAKE GOLD
MINES LTD.
"John Kontak"
John
Kontak
President
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The Canadian Securities Exchange has neither approved nor
disapproved the contents of this news release.
Certain statements contained in this news release constitute
"forward-looking statements". When used in this document, the words
"anticipated", "expect", "estimated", "forecast", "planned", and
similar expressions are intended to identify forward-looking
statements or information. These statements are based on current
expectations of management, however, they are subject to known and
unknown risks, uncertainties and other factors that may cause
actual results to differ materially from the forward-looking
statements in this news release. Readers are cautioned not to place
undue reliance on these statements. Neither DLV nor RLG undertakes
any obligation to revise or update any forward-looking statements
as a result of new information, future events or otherwise after
the date hereof, except as required by securities laws.
SOURCE DLV Resources Ltd.
