Mr. Marz Kord reports
WALLBRIDGE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
Wallbridge Mining Company Ltd. has closed the second and final tranche of its previously announced non-brokered private placement, news release dated Aug. 1, 2019, through the issuance of 1.06 million common shares in the company on a flow-through basis to Quebec resident investors at a price of 50 cents per FT share and 100,000 common shares in the capital of the company on a flow-through basis at a price of 46 cents per FT share. In connection with the second tranche, the company paid a cash finder's fee of $31,800.
In aggregate, the private placement generated aggregate gross proceeds of $10,213,441. All securities issued under the private placement are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. The private placement is subject to final acceptance of the Toronto Stock Exchange.
About Wallbridge Mining Company Ltd.
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-per-cent-owned high-grade Fenelon gold property in Quebec with continuing exploration and a recently completed 35,000-tonne bulk sample.
We seek Safe Harbor.
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