By Devika Patel
Knoxville, Tenn., Dec. 15 - Wallbridge Mining Co. Ltd. said it completed a C$1.62 million private placement of stock.
The company sold flow-through common shares at C$0.27 per share in two closings, raising C$965,000 on Nov. 27 and C$655,000 in the latest tranche.
Proceeds will be used for exploration.
Toronto-based Wallbridge Mining explores for and develops nickel, copper and platinum group element deposits.
| Issuer: | Wallbridge Mining Co. Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.62 million
|
| Price: | C$0.27
|
| Warrants: | No
|
| Settlement date: | Nov. 27 (for C$965,000), Dec. 15 (for C$655,000)
|
| Stock symbol: | Toronto: WM
|
| Stock price: | C$0.22 at close Nov. 27
|
| Market capitalization: | C$27.9 million
|
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