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Wesdome (WDO.to): Middlemiss is retired

NR link here, and what matters from it below:

TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company” or “Wesdome”) announces today the retirement of Duncan Middlemiss as President and Chief Executive Officer of the Company and resignation from the board of directors of the Company (the “Board”). Warwick Morley-Jepson, the Chair of the Board, will act as Interim President and Chief Executive Officer to manage the Company as the Board works with an executive search firm to select a permanent successor. In order to ensure an orderly succession, Mr. Middlemiss has agreed to remain in an advisory role to assist Mr. Morley-Jepson and the rest of the executive team on a temporary basis.

Mr. Morley-Jepson, the Chair of the Board, said, “On behalf of the Board, I would like to thank Duncan for…(etc)

7 Comments

    Ok I give up, is this good or bad for the stock price?

    Reply

      The IKN First Law of Mining News Releases:

      “Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed.”

      Reply

    what is the probability, the company is now in play, and the board will try to sell it

    thx

    Reply

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