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Wallbridge earns 20% Ownership of Lonmin Canada Inc Through Operatorship Agreement and Creates Separate Copper-Nickel-PGM Group

Posted by ipso facto @ 9:29 on October 29, 2019  

TORONTO , Oct. 29, 2019 /CNW/ – Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge” or the “Company”) is pleased to announce that it has signed a definitive letter agreement (the “Agreement”) whereby Lonmin Limited (a wholly owned subsidiary of Sibanye-Stillwater “Lonmin”), has appointed Wallbridge as operator of Lonmin Canada Inc.’s “Loncan”, a wholly owned subsidiary of Lonmin Limited’s “Lonmin” advanced-stage Denison Property. Pursuant to the terms of the Agreement, Wallbridge has received a 20% ownership interest in Loncan and a seat on Loncan’s board of directors. A copy of the Agreement can be found on the Company’s SEDAR profile.

https://finance.yahoo.com/news/wallbridge-earns-20-ownership-lonmin-123300538.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.