Source: Wallbridge Mining Company Limited
  • Wallbridge Mining Company Limited (WM) has completed a non-brokered private placement for gross proceeds of $8,621,925
  • The company issued 37,956,353 national flow-through common shares and 8,000,000 Québec flow-through common shares
  • The national FT shares were issued at a price of $0.185, and the Québec FT shares were issued at a price of $0.20
  • Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel and platinum group metals
  • Wallbridge Mining Company Limited opened trading at $0.155 per share

Wallbridge Mining Company Limited (WM) has completed a non-brokered private placement for gross proceeds of $8,621,925.

The company issued 37,956,353 national flow-through common shares and 8,000,000 Québec flow-through common shares.

The national FT shares were issued at a price of $0.185, and the Québec FT shares were issued at a price of $0.20.

In addition, Agnico Eagle Mines Limited elected to subscribe for 6,000,000 common shares for aggregate gross proceeds of $1,020,000.

In connection with the FT share private placement, the company paid a cash finder’s fee of 4.0 per cent.

All securities issued will have a four-month-and-one-day statutory hold period. The offering is subject to the final acceptance of the Toronto Stock Exchange.

The company plans to use the net proceeds from the private placements to support the company’s 2023 exploration program at the company’s Detour-Fenelon Gold Trend Property.

The financings will provide the company with sufficient cash reserves to fund the previously announced 2023 exploration program on the Detour-Fenelon Gold Trend Property.

Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel and platinum group metals.

Wallbridge Mining Company Limited (WM) opened trading at $0.155 per share.


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