Wallbridge Files Preliminary Base Shelf Prospectus
WALLBRIDGE MINING COMPANY LIMITED TSX: WM www.wallbridgemining.com
129 Fielding Road Lively ON P3Y 1L7 t: 705-682-9297 f: 1-888-316-4156 e: [email protected]
Wallbridge Files Preliminary Base Shelf Prospectus
Toronto, Ontario – December 6, 2023 – Wallbridge Mining Company Limited (TSX:WM,
OTCQX:WLBMF) (“Wallbridge” or the “Company”) has filed a preliminary short form base shelf
prospectus (the “ Shelf Prospectus”) with the securities regulatory authorities in each of the
provinces and territories of Canada. The Shelf Prospectus, when made final and effective, will
allow Wallbridge to offer from time to time over a 25-month period up to $50 million of equity, debt
or certain other securities (collectively, the “ Securities”). The final base shelf prospectus is
expected to be filed in the week of December 11, 2023. The Company currently has no plans to
undertake a financing.
The terms of future offerings, the intended use of the net proceeds resulting from such offerings
and the terms of the Securities to be offered, if any, will be established at the time of any such
offering and will be described in a prospectus supplement filed with the applicable Canadian
securities commissions at the time of such an offering.
A copy of the Shelf Prospectus may be found on SEDAR+ at www.sedarplus.ca.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any
securities in any jurisdiction.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of
gold projects along the Detour -Fenelon Gold Trend while respecting the environment and
communities where it operates.
Wallbridge’s flagship project, Fenelon Gold (“ Fenelon”), is located on the highly prospective
Detour-Fenelon Gold Trend Property in Québec’s Northern Abitibi region. An updated mineral
resource estimate completed in January 2023 yielded significantly improved grades and
additional ounces at the 100%-owned Fenelon and Martiniere projects, incorporating a combined
3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources.
Fenelon and Martiniere are located within an 830 square kilometre exploration land package
controlled by Wallbridge. In addition, Wallbridge believes that the extensive land package is
extremely prospective for the discovery of additional gold deposits.
Wallbridge has reported a positive Preliminary Economic Assessment (“PEA”) on its 100%-owned
Fenelon gold Project with an estimated average annual gold production of 212,000 ounces over
12.3 years (see Wallbridge press release of June 26, 2023).
Wallbridge also holds a 15 .9% interest in the common shares of Archer Exploration Corp.
(“Archer”) as a result of the sale of the Company’s portfolio of nickel assets in Ontario and Québec
in November of 2022.
For further information please visit the Company’s website at https://wallbridgemining.com/ or
contact:
WALLBRIDGE MINING COMPANY LIMITED
TSX| WM
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Wallbridge Mining Company Limited
Brian Penny, CPA, CMA
Interim CEO
Tel: (416) 716-8346
Email: [email protected]
Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Capital Markets Advisor
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward- looking statements or information
(collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based
on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various
risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of
statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”,
“plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”,
“projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases,
or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or
“might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to: statements regarding the Shelf Prospectus,
the effectiveness and timing thereof and any future offerings; the Company’s exploration plans;
the future prospects of Wallbridge; statements regarding the results of the Fenelon preliminary
economic assessment; the potential future performance of Archer common shares; future drill
results; the Company’s ability to convert inferred resources into measured and indicated
resources; parameters and methods used to estimate the MRE’s at the Fenelon and Martiniere
properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the
Deposits; and the significance of historic exploration activities and results.
FLI is designed to help you understand management’s current views of its near- and longer-term
prospects, and it may not be appropriate for other purposes. FLI by their nature are based on
assumptions and involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by such FLI. Although
the FLI contained in this document is based upon what management believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure shareholders and prospective
purchasers of securities of the Company that actual results will be consistent with such FLI, as
there may be other factors that cause results not to be as anticipated, estimated or intended, and
neither the Company nor any other person assumes responsibility for the accuracy and
completeness of any such FLI. Except as required by law, the Company does not undertake, and
assumes no obligation, to update or revise any such FLI contained in this document to reflect new
events or circumstances. Unless otherwise noted, this document has been prepared based on
information available as of the date of this document. Accordingly, you should not place undue
reliance on the FLI, or information contained herein.
WALLBRIDGE MINING COMPANY LIMITED
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Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described
in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration
activities, the Company’s financial position and general economic conditions; the ability of
exploration activities to accurately predict mineralization; the accuracy of geological modelling;
the ability of the Company to complete further exploration activities; the legitimacy of title and
property interests in the Deposits; the accuracy of key assumptions, parameters or methods used
to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals;
geological, mining and exploration technical problems; and failure of equipment or processes to
operate as anticipated. Risks and uncertainties about Wallbridge's business are discussed in the
disclosure materials filed with the securities regulatory authorities in Canada, which are available
at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43 -101 which differs from the
requirements of the U.S. Securities and Exchange Commission (the " SEC"). Terms relating to
mineral properties, mineralization and estimates of mineral reserves and mineral resources and
economic studies used herein are defined in accordance with NI 43-101 under the guidelines set
out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the
Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended.
NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable
to US companies. As such, the information presented herein concerning mineral properties,
mineralization and estimates of mineral reserves and mineral resources may not be comparable
to similar information made public by U.S. companies subject to the reporting and disclosure
requirements under the U.S. federal securities laws and the rules and regulations thereunder.