VANCOUVER, Oct. 13 /PRNewswire/ - Simon Ridgway has acquired directly 420,000 common shares of Wesgold Minerals Inc. (the "Company") at a price of $0.35 per share, and indirectly 210,300 common shares of the Company at $0.30 per share. The shares were issued from the Company's treasury on October 12, 2010, upon completion of the Company's initial public offering.
As a result of the acquisition, Mr. Ridgway owns directly or indirectly a total of 1,175,755 common shares, which represents 21.7% of the issued and outstanding common shares of the Company.
The shares were acquired by Mr. Ridgway for investment purposes, and he may from time to time, directly or indirectly, acquire additional securities of the Company. Mr. Ridgway will file on www.sedar.com a report pursuant to National Instrument 62-104 and a copy of the report may be obtained by calling Mr. Ridgway at 604-801-5432.
355 Burrard Street, Suite 830
Vancouver, BC V6C 2G8
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SOURCE Simon Ridgway