03:05:56 EDT Sat 11 Jul 2020
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Wallbridge Mining Company Ltd
Symbol WM
Shares Issued 573,880,594
Close 2019-12-06 C$ 0.785
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Wallbridge appoints Kirkland Lake's Makuch to board

2019-12-09 08:25 ET - News Release

Mr. Marz Kord reports


Tony Makuch, chief executive officer of Kirkland Lake Gold Ltd., has joined Wallbridge Mining Company Ltd.'s board of directors following Kirkland Lake becoming a 9.9-per-cent shareholder of Wallbridge pursuant to its private placement financing, which closed on Nov. 29, 2019.

Mr. Makuch is a professional engineer (Ontario) with over 35 years of management, operations and technical experience in the mining industry, having managed numerous projects in Canada and the United States from advanced exploration through production. Most recently prior to joining Kirkland Lake, Mr. Makuch was president and CEO at Lake Shore Gold Inc., from 2008 until its acquisition by Tahoe Resources in 2016.

"We are excited to have Kirkland Lake as a strategic shareholder and we welcome Tony Makuch to the team as a member of the board of directors," stated Wallbridge chair Alar Soever. "Tony's extensive experience in operations, resource development, capital markets and M&A will be very beneficial to all shareholders as we advance Fenelon toward production."

In connection with the offering, the company entered into an agreement with Kirkland Lake on Dec. 6, 2019, granting Kirkland certain anti-dilution rights and the right to nominate one director to the board of directors of the company.

About Wallbridge Mining Company Ltd.

Wallbridge is establishing a pipeline of projects that will support sustainable 100,000-ounce-plus annual gold production as well as organic growth through exploration and scalability.

We seek Safe Harbor.

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