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Wallbridge Mining Announces Public Offering of Up to Approximately $15 Million
Globenewswire·2025-10-14 21:27

Core Viewpoint - Wallbridge Mining Company Limited has announced a public offering of Charity Flow-Through Units and Hard Dollar Units, aiming for gross proceeds of up to approximately C$15 million [1][2]. Offering Details - The offering will consist of 65,000,000 Charity Flow-Through Units priced at C$0.15 each, targeting gross proceeds of up to C$10 million, and 45,000,000 Hard Dollar Units priced at C$0.11 each, targeting gross proceeds of up to C$5 million [2]. - Each Charity Flow-Through Unit includes one common share (FT Share) and one common share purchase warrant (Warrant), while each Hard Dollar Unit includes one common share (Hard Dollar Share) and one Warrant [2]. - The Warrant allows the holder to purchase one Common Share at an exercise price of C$0.15 for a period of 36 months following the closing date [3]. Use of Proceeds - The net proceeds from the offering will be allocated to the advancement of the Fenelon and Martiniere projects, as well as for general corporate purposes [4]. Regulatory and Closing Information - The offering is expected to close on or about October 31, 2025, pending necessary regulatory approvals [5]. - The units will be offered via a prospectus supplement to the existing base shelf prospectus filed on January 2, 2024, across Canadian provinces and territories, excluding Quebec, and may also be offered through private placement in the United States [5]. Company Overview - Wallbridge Mining focuses on the exploration and sustainable development of gold projects in Quebec's Abitibi region, holding a mineral property position of 598 km² along the Detour-Fenelon gold trend [7].