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Wallbridge Mining (TSX:WM) closes $15M bought deal offering

Mining
TSX:WM
24 February 2022 09:00 (EDT)

Source: Wallbridge Mining

Wallbridge Mining (WM) has completed a public offering for gross proceeds of C$15,015,000.

The company issued an aggregate of 27,300,000 charity flow-through common shares at a price of C$0.55 per share.

The proceeds will be used to support the company’s 2022 exploration program at the Detour-Fenelon Gold Property.

The underwriters were paid a cash commission of 6 per cent on the gross proceeds of the offering.

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

Wallbridge is currently advancing the exploration and development of its Fenelon Gold property located in northwestern Québec.

Wallbridge Mining Company Limited (WM) opened trading at C$0.32 per share.

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