06:32 AM EDT, 10/15/2025 (MT Newswires) -- Wallbridge Mining ( WLBMF ) late Tuesday said it is launching a public offering of charity flow-through units and hard dollar units to raise up to C$15 million in gross proceeds.

Wallbridge said it has entered into an agreement with BMO Capital Markets as sole bookrunner on behalf of a syndicate of agents for the offering.

The offering will be composed of 65 million charity flow-through units priced at $0.15 per unit for gross proceeds of up to $10 million; and 45 million hard dollar units priced at $0.11 per unit for gross proceeds of up to $5 million.

Each charity flow-through unit will consist of one common share issued on a flow-through basis and one common share purchase warrant. Each hard dollar unit will consist of one common share and one warrant.

Each warrant will entitle the holder to purchase one common share at an exercise price of $0.15 for a 36-month period after the offering closes.

The agents have been granted an option to purchase up to an additional 15% of the offering to cover over-allotments, exercisable at the offering price for a 30-day period after the offering closes.

Net proceeds will be used to advance Wallbridge's Fenelon and Martiniere projects and for general corporate purposes.

In connection with the offering, the company intends to notify Agnico Eagle Mines of its right to participate under a Dec. 6, 2019, participation agreement.

The offering is scheduled to close on Oct. 31, subject to the receipt of all necessary regulatory approvals.