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Wallbridge raises C$42.5 million to advance Fenelon

Wallbridge Mining (TSX: WM) has closed a non-brokered private placement, raising C$42.5 million (US$32 million), to advance its Fenelon gold project in north-western Quebec towards production.

Staff reporter
Wallbridge’s Fenelon gold project in Quebec

Wallbridge’s Fenelon gold project in Quebec

The shares were issued at 57c. Wallbridge shares, which were trading about 16c a year ago, had opened at 62c on Friday and closed up 6.5% to 66c, capitalising it about $330 million (US$248 million). ...

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