Wallbridge Announces Appointment of Tony Makuch to Board of Directors
Canada NewsWire
TORONTO, Dec. 9, 2019
TORONTO, Dec. 9, 2019 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") today announced that Tony Makuch, CEO of Kirkland Lake Gold Ltd. ("Kirkland Lake"), has joined the Company's Board of Directors following Kirkland Lake becoming a 9.9% shareholder of Wallbridge pursuant to its private placement financing (the "Offering"), which closed on November 29, 2019.
Mr. Makuch is a professional engineer (Ontario) with over 35 years of management, operations and technical experience in the mining industry, having managed numerous projects in Canada and the United States from advanced exploration through production. Most recently prior to joining Kirkland Lake, Mr. Makuch was President and CEO at Lake Shore Gold Inc., from 2008 until its acquisition by Tahoe Resources in 2016.
"We are excited to have Kirkland Lake as a strategic shareholder and we welcome Tony Makuch to the team as a member of the Board of Directors," stated Wallbridge Chair Alar Soever. "Tony's extensive experience in operations, resource development, capital markets and M&A will be very beneficial to all shareholders as we advance Fenelon toward production."
In connection with the Offering, the Company entered into an agreement with Kirkland Lake on December 6, 2019 granting Kirkland certain anti-dilution rights and the right to nominate one director to the Board of Directors of the Company.