Brief: Wallbridge To Sell Nickel Assets Via Spin-Out Transaction With Archer Exploration

Wallbridge Mining

13/07/2022 14:29

July 13 (Reuters) - 
    * PRESS RELEASE - WALLBRIDGE ANNOUNCES AGREEMENT TO SELL
NICKEL
ASSETS VIA SPIN-OUT TRANSACTION WITH ARCHER EXPLORATION CORP.
    * WALLBRIDGE MINING COMPANY LTD - UNDER TERMS OF AGREEMENT,
WALLBRIDGE WILL RECEIVE AN UPFRONT CONSIDERATION OF C$53.6
MILLION
    * WALLBRIDGE MINING COMPANY LTD - ARCHER WILL ACQUIRE ALL OF
CO'S
PROPERTY, ASSETS, RIGHTS AND OBLIGATIONS RELATED TO ITS
PORTFOLIO OF NICKEL ASSETS
    * WALLBRIDGE MINING COMPANY LTD - WILL CONTINUE TO FOCUS ON
ITS
CORE DETOUR-FENELON GOLD TREND PROPERTIES
    * WALLBRIDGE MINING COMPANY LTD - WILL HAVE RIGHT TO
NOMINATE TWO
DIRECTORS TO ARCHER'S BOARD OF DIRECTORS

Source text for Eikon:  ID:nCNWMkkQza 

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