Show printable version of 'Wallbridge Announces Completion of Private Placement' in a New Window

Press Releases

July 13, 2004
Wallbridge Announces Completion of Private Placement

Toronto, Ontario, July 13, 2004 - Wallbridge Mining Company Limited ("Wallbridge") (TSX: WM) today announced it has completed a non-brokered private placement of 909,090 Common Shares at $0.55 per share, aggregating gross proceeds of $500,000. The additional funds will allow the company the flexibility to respond to positive results and accelerate current exploration programs as deemed necessary.

For further information, please contact:

Alar Soever, President
Wallbridge Mining Company Limited
Tel: 705 682 9297
Fax: 705 682 2144

Wallbridge Mining Company Limited was established in 1996 to explore for and develop nickel, copper and platinum group element deposits. The company's principal properties are located in the Sudbury Basin in Ontario. The Sudbury area hosts the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Wallbridge also has properties elsewhere in northern Ontario, Nova Scotia and near Duluth, Minnesota. To find out more about Wallbridge Mining Company Limited (TSX: WM), visit our website at .

This document may contain forward-looking statements relating to Wallbridge's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Wallbridge's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.