Wallbridge Announces Impala Platinum Will Invest in Offset

Wallbridge Mining Company Limited (TSX:WM,FWB:WC7) announced Impala Platinum Holdings Limited (JSE:IMP) it will invest in Wallbridge’s Parkin Offset property.

As quoted in the press release:

Under the terms of the Option and Joint Venture Agreement dated August 19, 2008, and subsequent amendments (the “Agreement”), Impala has earned a 50% undivided interest in the Parkin Offset Property  by having completed the funding of C$6.2 million in exploration expenditures during the Option Phase of the Agreement.  Impala has provided formal notice of its intention to proceed with the joint venture phase of the Agreement subject to South African Reserve Bank approval.

Click here to read the Wallbridge Mining Company Limited (TSX:WM) press release.