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Toronto, ON – November 19, 2010 -
Moss Lake Gold Mines Ltd. (“Moss Lake”) announced
today that Wesdome Gold Mines Ltd. (“Wesdome”) delivered notice of its desire to
convert the
principal amount of the $300,000 convertible unsecured promissory note
issued by Moss Lake to
Wesdome on
December 9, 2010 (the “Note”) into 1,200,000 common shares
of Moss Lake (each
a “Moss Share”) at a conversion price of $0.25 per
Moss Share pursuant to the terms of the
Note.
Assuming the issuance of the 1,200,000 Moss Shares to Wesdome, Wesdome will own
26,708,586 Moss Shares, being 57.6% of the issued and outstanding Moss
Shares and Moss will
remain
indebted to Wesdome in the amount of $284,650.
Wesdome
and Moss Lake have certain directors and officers in common. Moss Lake trades
on
the TSX Venture Exchange under the symbol “MOK” and has
approximately 45.2 million Moss
Shares issued and outstanding.
For more information, please visit www.mosslakegold.com or contact:
George Mannard, P.Geo.
or Shelley John
President Manager, Investor Relations
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: info@mosslakegold.com, Website: www.mosslakegold.com
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