Wallbridge Completes Flow-Through Private Placement

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[{"type":"text","content":"\n\n\n\nWallbridge Completes Flow-Through 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, March 15, 2017\n\n\n\nTORONTO, March 15, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (the \"Wallbridge\") is pleased to announce that it completed a non-brokered private placement of an aggregate of 5,300,000 common shares each issued on a \"flow-through\" basis pursuant to the Income Tax Act (Canada) (the \"FT Shares\") at a price of $0.085 per FT Share, raising aggregate proceeds of $450,500 (the \"Offering\"). \n\n\n \n \n\n \nThe Company also issued 306,000 finder's warrants in connection with the Offering (the \"Finder's Warrants\"). Each Finder's Warrant entitles the holder thereof to acquire one common share of the Company (a \"Warrant Share\") at a price of $0.085 per Warrant Share until March 10, 2018.\n\nThe gross proceeds of the Offering will be used for exploration of high-quality targets around the known deposit used in the pre-feasibility study of Wallbridge's 100%-owned Fenelon Gold Mine Property (\"Fenelon\") in Quebec.\n\nMarz Kord, P. Eng. is the Qualified Person on behalf of Wallbridge and has approved the scientific and technical disclosures in this press release.\n\nAbout Wallbridge Mining\n\nWallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.\n\nWallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Mine project in Quebec with a production decision targeted for Q2 2017. Wallbridge is also in discussions regarding several other advanced stage projects which could become the Company's next mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015.\n\nWallbridge is also continuing active partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario. Currently, Wallbridge is...

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