Financings

Wallbridge Mining Announces Public Offering of Up to Approximately $15 Million

By The Northwire Desk — AI Analysis Oct 14, 2025 · 17:27 WM · 0.12 Wallbridge Mining Company Limited

WM · Price

Wallbridge Mining entered into a best‑efforts public offering for up to C$15 million of Charity Flow‑Through Units and Hard Dollar Units, with BMO Capital Markets as sole bookrunner.
The offering consists of 65 million Charity Flow‑Through Units at C$0.15 each (≈C$10 M) and 45 million Hard Dollar Units at C$0.11 each (≈C$5 M), each unit including one common share and one warrant exercisable at C$0.15 for 36 months.
Net proceeds are earmarked to advance the Fenelon and Martiniere gold projects and for general corporate purposes; closing is expected around October 31, 2025 pending regulatory approvals.

Units Offered:
65,000,000 Charity Flow‑Through Units @ C$0.15 per unit → up to C$10 M gross proceeds.
45,000,000 Hard Dollar Units @ C$0.11 per unit → up to C$5 M gross proceeds.
Composition of Each Unit:
Charity Flow‑Through Unit = 1 flow‑through common share + 1 common‑share purchase warrant.
Hard Dollar Unit = 1 ordinary common share + 1 common‑share purchase warrant.
Warrant Terms: One warrant per unit, exercisable at C$0.15 per share for a period of 36 months after closing.
Over‑Allotment Option: Agents may purchase up to an additional 15 % of the total offering at the offering price within 30 days post‑closing.
Use of Proceeds: Funding will support continued exploration and development of the Fenelon and Martiniere projects, plus general corporate purposes.
Participation Right Notice: Wallbridge will notify Agnico Eagle Mines Ltd. of its right to participate under the participation agreement dated December 6, 2019.
Offering Mechanics:
Offered via prospectus supplement to existing base‑shelf prospectus (filed Jan 2, 2024) in all Canadian provinces/territories except Quebec.
May also be offered by private placement in the United States (subject to U.S. securities law compliance).
Closing Timeline: Expected on or about October 31, 2025, subject to receipt of required regulatory approvals.
Bookrunner & Syndicate: BMO Capital Markets acting as sole bookrunner for a syndicate of agents.

(No executive quotes were included in the release.)

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