11:15 AM EDT, 10/31/2025 (MT Newswires) -- Wallbridge Mining ( WLBMF ) shares fell 16% on Friday after it closed its previously announced best efforts, public offering for proceeds of $15.14 million.

The offering consisted of the issuance of 65-million Charity Flow-Through Units at $0.15 per Charity Flow-Through Unit, 49-million Hard Dollar Units at $0.11 per Hard Dollar Unit, which includes 4-million Hard Dollar Units issued pursuant to the partial exercise of the over-allotment option, and 980,363 warrants at $0.00001 per warrant, also issued pursuant to the Over-Allotment Option Exercise.

Each Charity Flow-Through Unit consists of one common share issued on a flow-through basis (an "FT Share") and one common share purchase warrant, with both the FT Share and the warrant qualifying as "flow-through shares." Each Hard Dollar Unit consists of one common share of the company and one warrant.

Each warrant issued under the offering entitles the holder to buy a share for $0.15 for a period of three years following the closing date. Agnico Eagle Mines ( AEM ) agreed to subscribe for 6.3-million Hard Dollar Units at $0.11 per Hard Dollar Unit for $690,349.

Proceeds from the offering and the Agnico private placement will be used for the continued advancement of its Fenelon and Martiniere projects, and for general corporate needs.

Shares of the company were last seen down $0.0175 at $0.0875 on the Toronto Stock Exchange.

Price: 0.09, Change: -0.02, Percent Change: -17.14