Wallbridge Mining Company Ltd. today announced that it has completed the previously-announced sale of all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets to Archer Exploration Corp. . Under terms of the Transaction, Wallbridge has received 66,211,929 common shares of Archer with an aggregate deemed value of approximately $53.6 million . Additional consideration includes [...]
Wallbridge Mining Company Ltd. today declared a distribution in specie of 48,168,138 common shares in the capital of Archer Exploration Corp. . to shareholders of record of the Company on November 16, 2022 and payable on November 18, 2022. The Archer Shares will be issued in connection with the previously announced transaction under which Archer will acquire all of the property, assets, rights, and obligations related to [...]
Wallbridge Mining Company Ltd. provides an update on the status of the Company's previously announced transaction under which Archer Exploration Corp. will acquire all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets . Further to Archer's news release of November 8, 2022, Archer announced the following: It has priced its fully-subscribed $10.0 million private placement [...]
Assay Highlights Include: 7.80 g/t Au over 16.00 metres 2.66 g/t Au over 39.50 metres 3.80 g/t Au over 11.20 metres 2.38 g/t Au over 16.05 metres TORONTO, Nov. 08, 2022 -- Wallbridge Mining Company Ltd. is pleased to report that ongoing drilling at the Company's 100%-owned Fenelon gold project has identified additional gold mineralized zones outside of the Project's current Mineral Resource Estimate . These results will [...]
Wallbridge Mining Company Ltd. today provided an update on the status of the Company's proposed transaction under which Archer Exploration Corp. will acquire all of the property, assets, rights, and obligations related to Wallbridge's portfolio of nickel assets . Further to Archer's news release of October 20, Archer has announced the engagement of agents to market a financing related to the Transaction . In the same [...]
Wallbridge Mining Company Ltd. is pleased to report that new assay results from the in-fill sampling program at its 100%-owned Fenelon Gold Project have yielded additional gold mineralization from previously unsampled sections of drill core within and adjacent to the Project's existing Mineral Resource Estimate . The results from this program will be incorporated into the MRE update and Preliminary Economic Assessment [...]
Wallbridge Mining Company Ltd. today announced that 99.615% of shares represented by proxy at its Special Meeting of Shareholders held on October 18, 2022 were voted in favour of the Stated Capital Reduction Resolution, as defined below; 0.385% were voted against. A total of 483,342,202 shares, or 54.76% of the outstanding shares of the Company, were represented at the Meeting by proxy. Of that total, 481,482,337 were [...]
Assay Highlights Include: 4.07 g/t Au over 24.10 metres, including 67.65 g/t Au over 1.10 metres 15.90 g/t Au over 3.00 metres 19.31 g/t Au over 1.70 metres TORONTO, Oct. 12, 2022 -- Wallbridge Mining Company Ltd. is pleased to announce that assay results from one of the final holes of its 2022 drill program at the Martiniere Gold Project continue to demonstrate excellent resource growth potential. Martiniere is located [...]
Wallbridge Mining Company Ltd. would like to remind its shareholders of the upcoming Special Meeting of Shareholders to be held at 4:30 PM on October 18, 2022 and the timing of associated events. The Special Meeting is related to the proposed distribution to Shareholders of a portion of the 66,211,928 common shares of Archer Exploration Corp. that are expected to be received by the Company as partial consideration [...]
Wallbridge Mining Company Ltd. today announced that it has commissioned an update to the 2021 mineral resource estimate for its flagship Fenelon Gold and Martiniere project . In addition, the Company has initiated a preliminary economic assessment of Fenelon. For Fenelon, the 2023 MRE will incorporate data from an additional 100,000 metres of drilling completed since the 2021 MRE, and will focus on optimizing the resource [...]
Wallbridge Mining Company Ltd. is pleased to announce that positive assay results continue to validate the resource growth potential of the Martiniere Gold Property . Martiniere is located 30 kilometres and within trucking distance of the Company's flagship Fenelon Gold Project on the highly prospective Detour-Fenelon Gold Trend in Northern Abitibi, Quebec . New results announced today include: 12.27 g/t Au over 5.60 [...]
Wallbridge Mining Company has scheduled a special meeting of shareholders for 4:30 pm on October 18, 2022. The Special Meeting is related to the proposed distribution of Archer Exploration Corp. shares to Wallbridge shareholders. As announced on July 13, 2022, Wallbridge has entered into a definitive agreement with Archer, under which Archer will acquire all of Wallbridge’s property, assets, rights, and obligations [...]
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