Wallbridge Completes Flow-Through Private Placement
Wallbridge Completes Flow-Through Private Placement
TORONTO, March 15, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC 7) (the
"Wallbridge ") is pleased to announce that it completed a non-brokered private placement of an
aggregate of 5,300,000 common shares each issued on a "flow-through" basis pursuant to the Income
Tax Act (Canada) (the " FT Shares ") at a price of $0.085 per FT Share, raising aggregate proceeds of
$450,500 (the "Offering").
The Company also issued 306,000 finder's warrants in connection with the Offering (the "Finder's
Warrants"). Each Finder's Warrant entitles the holder thereof to acquire one common share of the
Company (a "Warrant Share") at a price of $0.085 per Warrant Share until March 10, 2018.
The gross proceeds of the Offering will be used for exploration of high-quality targets around the kno wn
deposit used in the pre-feasibility study of Wallbridge's 100%-owned Fenelon Gold Mine Property
("Fenelon") in Quebec.
Marz Kord, P. Eng. is the Qualified Person on behalf of Wallbridge and has approved the scientific and
technical disclosures in this press release.
About Wallbridge Mining
Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as
well as organic growth through exploration and scalability.
Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Mine project in
Quebec with a production decision targeted for Q2 2017. Wallbridge is also in discussions regarding
several other advanced stage projects which could become the Company's next mines. These
discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently
mining the Broken Hammer deposit in Sudbury, which was completed in October 2015.
Wallbridge is also continuing active partner-funded exploration on its large portfolio of nickel, copper, and
PGM projects in Sudbury, Ontario. Currently, Wallbr idge is completing a 20,000 metre fully partner-
funded drilling program on its high-grade Parkin nickel-copper-PGM project.
Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia
through its 13% ownership of Carube Copper Corp. (" Carube Copper") (CUC:TSX-V, formerly Miocene
Resources Limited).
This press release may contain forward-looking stat ements (including "forward-looking
information" within the meaning of applicable Canad ian securities legislation and "forward-
looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995)
relating to, among other things, the operations of Wallbridge and the environment in which it
operates. Generally, forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expect ed", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain action s, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved ". Wallbridge has relied on a number of
assumptions and estimates in making such forward-lo oking statements, including, without
limitation, the costs associated with the developme nt and operation of its properties. Such
assumptions and estimates are made in light of the trends and conditions that are considered to
be relevant and reasonable based on information available and the circumstances existing at this
time. A number of risk factors may cause actual res ults, level of activity, performance or
outcomes of such exploration and/or mine developmen t to be materially different from those
expressed or implied by such forward-looking statem ents including, without limitation, whether
such discoveries will result in commercially viable quantities of such mineralized materials, the
possibility of changes to project parameters as pla ns continue to be refined, the ability to execute
planned exploration and future drilling programs, t he need for additional funding to continue
exploration and development efforts, changes in gen eral economic, market and business
conditions, and those other risks set forth in Wallbridge's most recent annual information form
under the heading "Risk Factors" and in its other p ublic filings. Forward-looking statements are
not guarantees of future performance and such infor mation is inherently subject to known and
unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the
control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors
that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other fact ors and risks that cause actions, events or
results not to be as anticipated, estimated or intended. Consequently, undue reliance should not
be placed on such forward-looking statements. In ad dition, all forward-looking statements in this
press release are given as of the date hereof.
Wallbridge disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, save and except
as may be required by applicable securities laws. T he forward-looking statements contained
herein are expressly qualified by this disclaimer.
SOURCE Wallbridge Mining Company Limited
To view the original version on PR Newswire, visit:
http://www.newswire.ca/en/releases/archive/March201 7/15/c4050.html
%SEDAR: 00010252E
For further information: please visit the Company's website at www.wallbridgemining.com, or
contact: Wallbridge Mining Company Limited, Joshua Bailey, M.Sc., P.Geo, Vice President
Exploration, Tel: (705) 682-9297 ext. 240, Email: [email protected] ; Linda Zubal, Vice
President Corporate Communications, Tel: (705) 682- 9297 ext. 263, Email:
CO: Wallbridge Mining Company Limited
CNW 10:05e 15-MAR-17