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Wallbridge Mining Announces Voting Results from its Annual and Special Meeting of Shareholder and Closing of Private Placement
TORONTO , May 9, 2014 /CNW/ -  Wallbridge Mining Company Limited (TSX: WM, FWB: WC7)...
About this update from Wallbridge Mining Co. Ltd.
[{"type":"text","content":"\n\nTORONTO, May 9, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) (\"Wallbridge\") held its Annual General and Special Meeting of shareholders (the \"Meeting\") on May 6, 2014 whereby each of the following directors were elected for a term of office of one year or until their successors are otherwise duly elected or appointed: Faramarz (Marz) Kord; Alar Soever, Warren Holmes, Darryl Sittler, Parviz Farsangi, René Galipeau, Roland Horst and Elaine Ellingham.  All the proposed director nominees received more than 98% of the votes represented at the meeting cast in favour of their respective elections. \n\nThe shareholders also approved, confirmed and ratified the company's Shareholder Protection Rights Plan Agreement, as amended.  Further details on these matters are set forth in Wallbridge's Meeting materials accessible on the company's website and the report of voting results for these items and other resolutions proposed at the Meeting may be located on Wallbridge's SEDAR corporate profile page.  \n\nCommenting on the results of the Meeting, Marz Kord, the company's President and CEO stated:  \"We are extremely pleased with the shareholders' level of participation and support shown for the company's various initiatives.\"\n\nWallbridge is also pleased to announce it has completed a private placement of 4,889,556 flow-through units of Wallbridge (each a \"Flow-Through Unit\") at $0.09 per Flow-Through Unit, raising aggregate gross proceeds of $440,060.04.  Each Flow-Through Unit is comprised of (1) flow-through common share of Wallbridge and one-half of one common share purchase warrant (each whole warrant a \"Warrant\").  Each Warrant will entitle the holder thereof to purchase one common share of Wallbridge at a price of C$0.16 at any time prior to 5:00 p.m. (Toronto time) on May 8, 2015. \n\nCommenting on the offering, Marz Kord stated \"This placement provides us with additional funds to continue with our exploration programs on our Sudbury properties.  We are very pleased with the support of new shareholders and our other long term shareholders as this will provide Wallbridge with the required funding until Broken Hammer project generates positive cash flow.\"\n\nThe gross proceeds raised from the issuance of the Flow-Through Units will be used by Wallbr...