By stealth The creeping barrage...
08:33 AM EDT, 09/16/2020 (MT Newswires) -- Wallbridge Mining (WM.TO) on Wednesday said it is raising C$56 million in a bought-deal share offering to finance development of its Fenelon gold project in Quebec.
The company said it is selling 49-million shares priced at C$1.15 to a syndicate of underwriters. The underwriters have also been granted a 15% over-allotment option.
Wallbridge said Kirkland Lake Gold (KL.TO) will buy additional shares in the offering, boosting its stake in the company to 9.9%.