Wallbridge Mining Company Limited announced a non-brokered private placement of Quebec flow-through units and National flow-through units for gross proceeds of CAD 1,500,000 on March 10, 2023. Each Quebec FT Unit consists of one common share of the Corporation and one-half of one common share purchase warrant. Each common share comprised in each Québec FT Unit will qualify as a ?flow-through share?. Each National FT Unit consists of one common share of the Corporation and one-half of one Warrant. Each common share comprised in each National FT Unit will qualify as a ?flow-through share?. Each Warrant entitles the holder thereof to purchase one common share of the Corporation at an exercise price of CAD 0.15 for a period of 24 months following the closing of the Offering. Closing of the Offering is expected to occur on or before April 6, 2023. The Offering remains subject to the final approval of the Toronto Stock Exchange.

On the same date, Monarch Mining Corporation closed the transaction. The company received CAD 999,997.15 in the transaction. The company issued 7,333,334 Quebec flow-through units at an issue price of CAD 0.075 per unit for gross proceeds of CAD 550,000.05 and 6,428,530 National flow-through units at an issue price of CAD 0.07 per unit for gross proceeds of CAD 449,997.1 in the transaction. The company has paid cash finders' fees totalling CAD 69,999.79 and issued 483,333 compensation options. Each Compensation Warrant is exercisable to acquire one common share of the Corporation at a price of CAD 0.10 per share over a period of 24 months following the closing of the Offering. All securities issued pursuant to the first tranche of this Offering are subject to a restricted hold period of four months and a day, ending on July 11, 2023, under applicable Canadian securities legislation.