GREY:DULMF - Post by User
Comment by
johnsr1on Jan 25, 2010 9:18pm
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Post# 16717660
RE: insiders
RE: insidersThis could be part of the share payment to Wallbridge. See news release below
Toronto, Ontario - January 20, 2010 - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7)announces that is has notified Duluth Metals Limited that it hasaccepted Duluth's offer made pursuant to a Funding ParticipationAgreement dated May 15, 2007 to issue to Wallbridge 7,456,420 Duluthcommon shares at a price of $2.00 per share payable in cash on closing.
Wallbridge currently holds 10,000,001 common shares of Duluth out ofthe 87,517,056 common shares of Duluth which were outstanding as atclose of business January 19, 2010