The Common Shares were issued and sold pursuant to the terms of an underwriting agreement dated
In connection with the Offering,
In respect of the Offering, the Common Shares were offered by way of a short form prospectus dated
The Underwriters were paid a cash commission of 5% on the gross proceeds of the Offering, excluding Kirkland Lake's participation. The net proceeds from the Offering will be used for continued advancement of the
The securities offered in this press release have not been registered under the
About
Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold property which is located along the Detour-Fenelon Gold Trend, an emerging gold belt in northwestern
The recent acquisition of
Wallbridge is also the operator of, and a shareholder in,
This news release has been authorized by the undersigned on behalf of
Contact:
Tel: (705) 682-9297
Email: mkord@wallbridgemining.com
Forward-Looking Information
This news release contains 'forward-looking information' within the meaning of applicable securities laws (the 'forward-looking statements'), including information pertaining to the Company's intended use of the proceeds of the Offering. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, commodity prices, changing foreign exchange rates and actions by government and regulatory authorities and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources and reserves; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; the potential for conflicts of interest among certain of the Company's officers or directors; the absence of dividends; currency fluctuations; labour disputes; competition; dilution; the volatility of the Common Share price and volume; future sales of shares by existing shareholders and other risks and uncertainties, including those relating to general risks associated with the mineral exploration and development industry described in the Company's Annual Information Form, financial statements and MD&A for the fiscal period ended
Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
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