Wallbridge Mining Company Limited's New Offering
Wallbridge Mining Company Limited (TSX: WM) (OTCQB: WLBMF) is excited to announce a significant public offering aimed at raising funds to further its gold exploration efforts. By partnering with BMO Capital Markets as the sole bookrunner, Wallbridge is prepared to offer both Charity Flow-Through Units and Hard Dollar Units, with an estimated total gross proceeds of around C$15 million.
Details of the Offering
The offering consists of 65,000,000 Charity Flow-Through Units priced at C$0.15 each, aiming to generate up to C$10 million. A Charity Flow-Through Unit includes one flow-through common share, called the FT Share, and a warrant that provides its holder the opportunity to buy additional shares. Additionally, 45,000,000 Hard Dollar Units will be offered at C$0.11 each, contributing an extra C$5 million to the company through the sale of common shares alongside warrants.
Warrant Provisions
Each warrant from this offering will allow the holder to purchase one common share at a price of C$0.15 within three years post-closing. This attractive warrant structure not only incentivizes investors but also strengthens Wallbridge's capital fundraising capabilities.
Use of Proceeds
The net revenue from this public offering is earmarked for the ongoing development of Wallbridge's promising Fenelon and Martiniere projects. The funds are also set aside for essential corporate activities that will bolster Wallbridge's strategic initiatives in mineral exploration and project development in Quebec.
Closing and Regulatory Compliance
This offering is anticipated to finalize by October 31, 2025, pending the receipt of necessary regulatory approvals. The Charity Flow-Through Units and Hard Dollar Units will be distributed by a supplement to the existing prospectus filed with Canadian regulatory authorities, catering to all provinces except Quebec, with private placements also available in the United States.
About Wallbridge Mining Company Limited
Wallbridge is dedicated to exploring and developing gold properties within Quebec's renowned Abitibi region, focusing on sustainable practices that respect the environment and communities. The company holds an extensive mineral property position covering 598 km², stretching 82 km along the Detour-Fenelon gold trend. This includes its flagship Fenelon Gold Project, which is in the preliminary economic assessment stage, and the Martiniere Gold Project, still in the exploration phase.
Please contact the following individuals for more information regarding this announcement:
Brian Penny, CPA, CMA
CEO
Email: bpenny@wallbridgemining.com
M: +1 416 716 8346
Tania Barreto, CPIR
Director Investor Relations
Email: tbarreto@wallbridgemining.com
M: +1 289 819 3012
Frequently Asked Questions
What is the total amount Wallbridge Mining aims to raise?
Wallbridge Mining is seeking to raise approximately $15 million through its latest public offering.
What are the types of units being offered?
The offering includes both Charity Flow-Through Units and Hard Dollar Units.
What are the expected uses of the proceeds?
The proceeds will primarily be used for the continued advancement of the Fenelon and Martiniere projects as well as for general corporate purposes.
When is the offering expected to close?
The offering is anticipated to close around October 31, 2025, subject to regulatory approvals.
How can investors participate in this offering?
Investors can participate through a prospectus supplement that will be filed in Canada, excluding Quebec, and potentially through private placements in the U.S.
