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Wallbridge Mining Company Limited

10:27 AM EST - Wallbridge Mining Company Limited : Provides an update on the status of the Company’s previously announced transaction under which Archer Exploration Corp. will acquire all of the property, assets, rights, and obligations related to Wallbridge’s portfolio of nickel assets. Archer has priced its fully-subscribed $10.0 million private placement offering which is a condition of closing of the Transaction. The Archer Financing is expected to close immediately prior to, or contemporaneously with, the closing of the Transaction, which is expected to be on or about November 18, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals.. Wallbridge Mining Company Limited

shares T.WM are trading unchanged at $0.20.