Wallbridge Mining Company Limited (TSX: WM,
OTCQB:WLBMF) (“
Wallbridge” or the
“
Company”) today announced an agreement (the
“
Agreement”) to engage the services of ICP
Securities Inc. (“
ICP”) to provide automated
market making services, including the use of its proprietary
algorithm, ICP Premium™, in compliance with the policies and
guidelines of the TSX Exchange and other applicable legislation.
Under terms of the Agreement, ICP will receive a monthly fee,
with there being no performance-based factors. No stock options or
other forms of equity-based compensation will be granted in
connection with the Agreement. ICP and its clients may choose to
acquire an interest in the securities of the Company in the
future.
ICP is an arm's length party to the Company. ICP's market making
activity will be primarily aimed at correcting temporary imbalances
in the supply and demand of the Company's shares. ICP will be
responsible for the costs it incurs in buying and selling the
Company's shares, and no third party will be providing funds or
securities for the market making activities.
ICP Securities Inc.
ICP is a Toronto based CIRO dealer-member that specializes in
automated market making and liquidity provision, as well as having
a proprietary market making algorithm, ICP Premium™, that enhances
liquidity and quote health. Established in 2023, with a focus on
market structure, execution, and trading, ICP has leveraged its own
proprietary technology to deliver high quality liquidity provision
and execution services to a broad array of public issuers and
institutional investors.
Annual General Meeting
Wallbridge’s annual meeting of the shareholders
will be held in person at the TMX Market Centre, 120 Adelaide St.
West, Toronto, Ont. M5H 1S3 and via live webcast at
https://virtual-meetings.tsxtrust.com/en/1615 on
June 26, 2024, at the hour of 4:30 p.m. (Eastern time) (the
“Meeting”). To access the live
webcast of the Meeting, shareholders will need to open the
following link:
https://virtual-meetings.tsxtrust.com/en/1615.
The password for the live webcast is wallbridge2024 (case
sensitive).
About Wallbridge Mining
Wallbridge is focused on creating value through
the exploration and sustainable development of gold projects along
the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region
while respecting the environment and communities where it
operates.
Wallbridge’s most advanced projects, Fenelon
Gold (“Fenelon”) and Martiniere Gold
(“Martiniere”) incorporate a combined 3.05 million
ounces of indicated gold resources and 2.35 million ounces of
inferred gold resources. Fenelon and Martiniere are located within
an 830 square kilometre exploration land package controlled by
Wallbridge.
Wallbridge has reported a positive Preliminary
Economic Assessment (“PEA”) at Fenelon that
estimates average annual gold production of 212,000 ounces over 12
years.
Wallbridge also holds a 15.79% interest in the
common shares of NorthX Nickel Corp. (formerly “Archer
Exploration”) as a result of the sale of the Company’s
portfolio of nickel assets in Ontario and Québec. For further
information please visit the Company’s website at
https://wallbridgemining.com/ or contact:
Wallbridge Mining Company
Limited
Brian Penny, CPA, CMAChief Executive OfficerEmail:
bpenny@wallbridgemining.comM: +1 416 716 8346 |
Victoria Vargas, B.Sc. (Hon.) Economics, MBACapital Markets
AdvisorEmail: vvargas@wallbridgemining.comM: +1 289 242 3599 |
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Cautionary Note Regarding
Forward-Looking Information
The information in this document may contain forward-looking
statements or information (collectively, “FLI”)
within the meaning of applicable Canadian securities legislation.
FLI is based on expectations, estimates, projections and
interpretations as at the date of this document.
All statements, other than statements of historical fact,
included herein are FLI that involve various risks, assumptions,
estimates and uncertainties. Generally, FLI can be identified by
the use of statements that include, but are not limited to, words
such as “seeks”, “believes”, “anticipates”, “plans”, “continues”,
“budget”, “scheduled”, “estimates”, “expects”, “forecasts”,
“intends”, “projects”, “predicts”, “proposes”, "potential",
“targets” and variations of such words and phrases, or by
statements that certain actions, events or results “may”, “will”,
“could”, “would”, “should” or “might”, “be taken”, “occur” or “be
achieved.”
FLI in this document may include, but is not limited to:
statements regarding the results of the PEA; the potential future
performance of the Common Shares; future drill results; the
Company’s ability to convert inferred resources into measured and
indicated resources; environmental matters; stakeholder engagement
and relationships; parameters and methods used to estimate the
MRE’s at Fenelon and Martiniere (collectively the
“Deposits”); the prospects, if any, of the
Deposits; future drilling at the Deposits; and the significance of
historic exploration activities and results.
FLI is designed to help you understand management’s current
views of its near- and longer-term prospects, and it may not be
appropriate for other purposes. FLI by their nature are based
on assumptions and involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance,
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such FLI. Although the FLI contained in this document is based upon
what management believes, or believed at the time, to be reasonable
assumptions, the Company cannot assure shareholders and prospective
purchasers of securities of the Company that actual results will be
consistent with such FLI, as there may be other factors that cause
results not to be as anticipated, estimated or intended, and
neither the Company nor any other person assumes responsibility for
the accuracy and completeness of any such FLI. Except as
required by law, the Company does not undertake, and assumes no
obligation, to update or revise any such FLI contained in this
document to reflect new events or circumstances. Unless otherwise
noted, this document has been prepared based on information
available as of the date of this document. Accordingly, you should
not place undue reliance on the FLI, or information contained
herein.
Furthermore, should one or more of the risks, uncertainties or
other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in FLI.
Assumptions upon which FLI is based, without limitation,
include: the results of exploration activities, the Company’s
financial position and general economic conditions; the ability of
exploration activities to accurately predict mineralization; the
accuracy of geological modelling; the ability of the Company to
complete further exploration activities; the legitimacy of title
and property interests in the Deposits; the accuracy of key
assumptions, parameters or methods used to estimate the MREs and in
the PEA; the ability of the Company to obtain required approvals;
geological, mining and exploration technical problems; failure of
equipment or processes to operate as anticipated; the evolution of
the global economic climate; metal prices; foreign exchange rates;
environmental expectations; community and non-governmental actions;
and, the Company’s ability to secure required funding. Risks and
uncertainties about Wallbridge's business are discussed in the
disclosure materials filed with the securities regulatory
authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States
Investors
Wallbridge prepares its disclosure in accordance with NI 43-101
which differs from the requirements of the U.S. Securities and
Exchange Commission (the "SEC"). Terms
relating to mineral properties, mineralization and estimates of
mineral reserves and mineral resources and economic studies used
herein are defined in accordance with NI 43-101 under the
guidelines set out in CIM Definition Standards on Mineral Resources
and Mineral Reserves, adopted by the Canadian Institute of Mining,
Metallurgy and Petroleum Council on May 19, 2014, as amended. NI
43-101 differs significantly from the disclosure requirements of
the SEC generally applicable to US companies. As such, the
information presented herein concerning mineral properties,
mineralization and estimates of mineral reserves and mineral
resources may not be comparable to similar information made public
by U.S. companies subject to the reporting and disclosure
requirements under the U.S. federal securities laws and the rules
and regulations thereunder.
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