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Wallbridge Announces Filing of Early Warning Report Related to Carube Copper
Wallbridge Announces Filing of Early Warning Report Related to Carube Copper Canad...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\n\n\nWallbridge Announces Filing of Early Warning Report Related to Carube Copper\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 21, 2020\n\n\n\nTORONTO, Jan. 21, 2020 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (the \"Wallbridge\") today announced that it has filed an early warning report (the \"Report\") related to its shareholdings in Carube Copper Corp. (\"Carube\"). As the result of a private placement completed by Carube on January 17, 2020 (the \"Private Placement\"), Wallbridge has ceased to beneficially own or have control or direction over 10% or more of the issued and outstanding common shares of Carube.\n\n \n \n\n \nAs of the date hereof, Wallbridge owns 19,235,911 common shares (\"Common Shares\") of Carube (the Common Shares are listed for trading on the TSX Venture Exchange (TSXV: CUC). On January 17, 2020, Carube issued 50,100,000 Common Shares, which are listed for trading on the TSX Venture Exchange. As a result of the Private Placement, Wallbridge's ownership of Carube's Common Shares decreased by approximately 2.42% to 8.51%.\nIn future, Wallbridge may from time to time acquire or dispose ownership of, or control of direction over, securities of Carube for investment purposes.\nAbout Wallbridge Mining Wallbridge is establishing a pipeline of projects that will support sustainable 100,000 ounce-plus annual gold production as well as organic growth through exploration and scalability.\nThe Company is currently developing its 100%-owned Fenelon Gold Property, which is located proximal to the Sunday Lake Deformation Zone, an emerging gold belt in northwestern Quebec with ongoing 100,000 to 120,000 m exploration drill program in 2020 and a 33,500-tonne bulk sample and 75,000 m drilling completed in 2019. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company's near-term project pipeline. Wallbridge is also the operator of, and a 20% shareholder in, Loncan Canada Inc., a privately-held company with a large portfolio of nickel, copper, and PGM projects in ...