Wallbridge Mng Co (TSE:WM) has released an update.
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Wallbridge Mining Company Limited has participated in a private placement, purchasing 1,487,500 units of NorthX Nickel Corp. for $357,000, thereby owning 19.98% of the company on a partially diluted basis. This strategic investment is bolstered by Wallbridge’s rights to nominate directors to NorthX’s board and other shareholder benefits, as long as their ownership remains above 10%. Wallbridge may adjust its NorthX holdings depending on market conditions.
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