Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Gold

Wallbridge Mining Company Limited is a Canada-based company, which is engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2) Detour-Fenelon Gold Trend Property located in the Nord-du-Quebec administrative region approximately 75 kilometers (km) west-northwest of the town of Matagami, in the province of Quebec, Canada. Its Detour-Fenelon Gold Trend projects include Casault, Detour East, Grasset Gold, Harri and Doigt. The Company owns a 100% interest in the Nantel property. Its other gold assets include Hwy 810, Beschefer and N2 Property. The Grasset gold property is located immediately east of and adjoins the Fenelon property. The Company also holds approximately 15.8% interest in the common shares of NorthX Nickel Corp.

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Wallbridge Mining Company Ltd

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Comment by goldhunter11on Nov 29, 2019 11:03am

167 Views

Post# 30405556

RE:RE:42 million financing.

Link for 42.5 M Finance Announcement.
https://ceo.ca/@newswire/wallbridge-announces-425-million-financing
GH11
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Chaulkdust wrote:
TORONTO, Nov. 29, 2019 /CNW/ - Wallbridge Mining Company Limited ("Wallbridge" or the "Company") today announced it has closed a non-brokered private placement financing of 74,543,860 common shares (the "Common Shares") at an issue price of $0.57 per common share for aggregate gross proceeds of $42,490,000 (the "Offering"). Net proceeds of the Offering will be used to advance Wallbridge's 100%-owned Fenelon Gold Property ("Fenelon") and for general corporate purposes.