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Wallbridge (TSX:WM) closes private placement with Agnico Eagle

Market News, Mining
TSX:WM
13 March 2023 08:45 (EST)

Source: Wallbridge Mining Company Limited

Wallbridge Mining Company Limited (WM) has completed its non-brokered private placement with Agnico Eagle Mines Limited.

The company issued 6,000,000 common shares to Agnico Eagle at a price of $0.17 per common share.

Wallbridge intends to use the proceeds from the private placement for general corporate purposes and to support its 2023 exploration program at its Detour-Fenelon Gold Trend Property.

All common shares issued pursuant to the Private Placement are subject to a four-month statutory hold period.

Wallbridge Mining is an environmentally-aware company focused on exploring and developing gold projects along the Detour-Fenelon Gold Trend.

Wallbridge’s flagship project, Fenelon Gold, is located on the highly prospective Detour-Fenelon Gold Trend Property in Québec’s Northern Abitibi region.

Wallbridge Mining Company Limited  (WM) opened trading at C$0.15 per share.


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