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Wallbridge Closes Final Tranche of Private Placement
Wallbridge Closes Final Tranche of Private Placement Canada NewsWire TORONTO, Au...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\n\n\nWallbridge Closes Final Tranche of Private Placement\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, Aug. 6, 2019\n\n\n\nTORONTO, Aug. 6, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (\"Wallbridge\" or the \"Company\") is pleased to announce that it has closed the second and final tranche of its previously-announced non-brokered private placement (the \"Private Placement\"), see news release dated August 1, 2019, through the issuance of 1,060,000 common shares in the Company on a flow-through basis to Quebec resident investors (\"Super FT Shares\") at a price of $0.50 per Super FT Share and 100,000 common shares in the capital of the Company on a flow-through basis (\"National FT Shares\") at a price of $0.46 per National FT Share. In connection with the second tranche, the Company paid a cash finder's fee of $31,800.\n\n \n \n\n \nIn aggregate, the Private Placement generated aggregate gross proceeds of $10,213,441. All securities issued under the Private Placement are subject to a four month hold period from the date of issuance in accordance with applicable securities laws. The Private Placement is subject to final acceptance of the Toronto Stock Exchange.\nAbout Wallbridge MiningWallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.\nWallbridge is currently developing its 100%-owned high-grade Fenelon Gold property in Quebec with ongoing exploration and a recently-completed 35,000-tonne bulk sample. Wallbridge is also pursuing additional advanced-stage projects which would add to the Company's near-term project pipeline. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.\nWallbridge also has exposure to exploration for copper and gold in Jamaica and British Columbia through its 11.3% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources Limited...