Wallbridge Announces Private Placement and Signing a Cooperation Agreement

Wallbridge Mining Company (TSX:WM,FWB:WC7) announced that it completed a non-brokered private placement of an aggregate of 11,700,000 units in the capital of Wallbridge at $0.05 (Canadian) per Unit raising aggregate proceeds of $585,000. The gross proceeds of the Units sold under the Offering will be used for general working capital purposes and exploration and development.
Wallbridge Mining President and CEO, Marz Kord, stated:

This placement was strategic for the growth of our company, in that $500,000 was subscribed for by William Day Construction (“Day”) of Sudbury. Day was instrumental in the successful operation of our Broken Hammer open pit in 2014 & 2015, which achieved all of its operating cost targets and was completed with no lost time accidents. We are pleased to have them as a shareholder and have entered into a Cooperation Agreement with Day whereby they will be the preferred surface mining and transportation contractor for our future projects based on commercially available terms. This relationship with Day provides us with access to an excellent operating team and enhances our ability to repeat our Broken Hammer success on future projects.

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