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BRIEF-Resolute Performance Fund says urges Wesdome to commission independent review into mining operations

Published 2016-06-09, 02:00 p/m
© Reuters.  BRIEF-Resolute Performance Fund says urges Wesdome to commission independent review into mining operations

June 9 (Reuters) - Resolute Performance Fund
* Resolute performance fund says urges Wesdome to commission
an independent review to assess corporation's mining operations
* Resolute performance fund says resolute is largest
shareholder of Wesdome, holding 33,350,000 shares or
approximately 25.7% of outstanding shares
* Resolute performance fund says since October 2015 resolute
has been trying to get explanations from Wesdome with respect to
operational issues
* Resolute performance fund says "unfortunately Wesdome has
been unwilling, either privately or publicly, to adequately
address these issues"
* None of correspondence received from Wesdome's special
committee addressed operational issues
* "we have concerns about credibility of Wesdome's guidance
for 2016"
* Resolute performance fund says resolute is fully prepared
to consider a sale of Wesdome "at right price"
* Resolute performance fund highlights ongoing operational
issues at Wesdome gold mines

Source text for Eikon: ID:nCNWR8zNQa

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