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Wallbridge Announces Filing of Preliminary Short Form Prospectus
Wallbridge Announces Filing of Preliminary Short Form Prospectus Wallbridge Announ...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\n\n\nWallbridge Announces Filing of Preliminary Short Form Prospectus\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nWallbridge Announces Filing of Preliminary Short Form Prospectus\nCanada NewsWire\nTORONTO, July 11, 2016\n\n\n\n\n\n\nTORONTO, July 11, 2016 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (\"Wallbridge\") is pleased to announce that it has filed a preliminary short form prospectus in the Provinces of Ontario and British Columbia and obtained a receipt therefor from the Ontario Securities Commission to qualify the distribution of units of Wallbridge (the \"Units\") and flow-through Shares of Wallbridge (the \"Flow-Through Shares\") and the common shares and warrants underlying the Units. If the maximum offering is achieved, the Company will raise aggregate gross proceeds of $4,500,000 (the \"Offering\").\n\nThe Units are to be issued at a price of $0.08 per Unit (the \"Unit Offering Price\"), with each such Unit consisting of one common share and one common share purchase warrant (the \"Unit Warrants\"), with each Unit Warrant entitling the holder to purchase one common share at a price of $0.12 per share for a period of 36 months from the closing date of the Offering.\n\nThe Flow-Through Shares are to be issued at a price of $0.10 per Flow-Through Share (the \"Flow-Through Offering Price\"), whereby each such Flow-Through Share will be a common share in the capital of the Company that qualifies as a \"flow-through\" share within the meaning of the Income Tax Act (Canada) and the regulations thereunder.\n\nThe Offering is being conducted by a syndicate of agents led by Secutor Capital Management Corporation and including Canaccord Genuity Corp. (collectively the \"Agents\").\n\nThe proceeds from the sale of the Units will be used for the acquisition of Fenelon Mine Property as well as general working capital. For details of Fenelon Mine Property acquisition, please refer to Wallbridge Press Release dated May 25, 2016. The proceeds from the sale of the Flow-Through Shares will be used by Wallbri...