Wallbridge Mining Adds to Its Management Team
Wallbridge Mining Adds to Its Management
Team
TORONTO
,
Dec. 10, 2018
/CNW/ -
Wallbridge Mining Company Limited (TSX: WM, FWB: WC7)
("Wallbridge" or the "Company")
is pleased to announce the appointment of Mr.
Brian Penny
,
CPA, CMA as Chief Financial Officer.
Mr. Penny brings to Wallbridge a wealth of experience in the mining industry, spanning close to 30
years. During his career, Mr. Penny has been instrumental in the growth of numerous companies,
including as CFO of many publicly listed mining companies such as
Kinross Gold
, Silver Bear
Resources, Western Goldfields Inc. and most recently with New Gold Inc.
"As we continue to grow Wallbridge, with our Fenelon Gold and Beschefer Projects in
Quebec
as
well as our copper-nickel and PGM assets in
Sudbury
, we need to strengthen all aspects of our
management team and Brian's addition does just that," stated
Marz Kord
, President & CEO of
Wallbridge. "
Mary Montgomery
, who has been our CFO for over 10 years, has been instrumental in
our growth to date and she remains a major part of our management team as Vice President of
Finance for Wallbridge. The addition of Brian to our management team gives us the capacity to
move forward aggressively, build upon our considerable assets, and move Wallbridge towards our
goal of becoming a sustainable producer. Brian's extensive experience in building companies will be
invaluable going forward and I look forward to working with him as we continue to grow Wallbridge."
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 developing its 100%-owned high-grade Fenelon Gold property in
Quebec
with
ongoing exploration and a bulk sample in 2018. Wallbridge is also pursuing other additional
advanced-stage projects which would add to the Company's near-term project pipeline. 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
. As part of
this strategy, the Company recently optioned the Beschefer Project, an advanced gold property with
proven size and grade-potential near Fenelon Gold. Wallbridge is also continuing partner-funded
exploration on its large portfolio of nickel, copper, and PGM projects in
Sudbury, Ontario
, with a
focus on its high-grade Parkin project.
Wallbridge also has exposure to exploration for copper and gold in
Jamaica
and
British Columbia
through its 11.3% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources
Limited, a Wallbridge spin-out of its BC assets).
This press release may contain forward-looking statements (including "forward-looking
information" within the meaning of applicable Canadian 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 expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or statements that certain
actions, 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-looking statements, including, without limitation, the costs associated with the
development 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 results, level of activity, performance or outcomes of such
exploration and/or mine development to be materially different from those expressed or
implied by such forward-looking statements including, without limitation, whether such
discoveries will result in commercially viable quantities of such mineralized materials, the
possibility of changes to project parameters as plans continue to be refined, the ability to
execute planned exploration and future drilling programs, the need for additional funding to
continue exploration and development efforts, changes in general 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 public filings. Forward-
looking statements are not guarantees of future performance and such information 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 factors 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 addition, 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. The forward-looking statements
contained herein are expressly qualified by this disclaimer.
SOURCE
Wallbridge Mining Company Limited
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For further information:
Please visit the Company's website at www.wallbridgemining.com or
contact: Wallbridge Mining Company Limited, Marz Kord, P. Eng., M.Sc., MBA, President & CEO,
Tel: (705) 682-9297 ext. 251, Email: [email protected], David Ellis; Investor Relations
Tel: (416) 704-0937, Email: [email protected]
CO: Wallbridge Mining Company Limited
CNW 07:30e 10-DEC-18