Wallbridge Announces Notice of Special Meeting of Shareholders
Rhea-AI Summary
Wallbridge (TSX: WM, OTCQB: WLBMF) has called a special shareholder meeting for September 29, 2026 to seek approval for a proposed consolidation of its common shares on a basis of one post-consolidation share for up to 20 pre-consolidation shares and a corporate name change to Sunday Lake Gold Corp.
Wallbridge currently has 1,830,849,901 common shares outstanding and, in an illustrative 20-for-1 consolidation, would have 91,542,495 shares outstanding. The board cites increased market flexibility and a rebranding aligned with the Sunday Lake Deformation Zone focus, and unanimously recommends voting FOR both proposals, which remain subject to shareholder and regulatory approvals.
Positive
- Illustrative 20-for-1 share consolidation would reduce outstanding shares from 1,830,849,901 to 91,542,495
- Board unanimously supports proposed share consolidation and name change to Sunday Lake Gold Corp.
Negative
- None.
News Market Reaction – WLBMF
In the Aug 27 session, WLBMF declined 2.43%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB: WLBMF) (“Wallbridge” or the “Company”) announces that it will, at its special meeting scheduled on September 29, 2026, be seeking shareholder approval for a proposed consolidation (the “Share Consolidation”) of its common shares (“Common Shares”) on a basis of one (1) post-consolidation Common Share for up to 20 pre-consolidation Common Shares. The Company currently has 1,830,849,901 Common Shares issued and outstanding, and assuming completion of the proposed Share Consolidation on the basis of one (1) post-consolidation Common Share for every 20 pre-consolidation Common Shares, the Company will have 91,542,495 Common Shares issued and outstanding. The Company also proposes to change its name to Sunday Lake Gold Corp. (“Name Change”).
The principal reasons for the Share Consolidation are to increase the Company's flexibility and competitiveness in the market and to make the Company's securities more attractive to a wider audience of potential investors. The board of directors (the “Board”) also believes that a rebranding under a new name highlighting the Company’s focus on the Sunday Lake Deformation Zone is in the best interests of the Company. The Share Consolidation and Name Change remain subject to shareholder approval and all regulatory approvals, as applicable.
The Board unanimously recommends that shareholders vote FOR the proposed Share Consolidation and Name Change.
The Special Meeting (the “Meeting”) will be held via live webcast at: https://virtual-meetings.tsxtrust.com/en/1960 on September 29, 2026 at the hour of 4:00 p.m. (Eastern time). The password for the live webcast is wallbridge2026 (case sensitive).
The Meeting materials are available to all shareholders; electronic versions of the Meeting materials are available on the Company’s website https://wallbridgemining.com, at https://docs.tsxtrust.com/2016 and at www.sedarplus.ca.
About Wallbridge
Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 km2 that extends approximately 82 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA-stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
| Brian Penny, CPA, CMA | Tania Barreto, CPIR | |
| CEO | Director Investor Relations | |
| Email: bpenny@wallbridgemining.com | Email: tbarreto@wallbridgemining.com | |
| M: +1 416 716 8346 | M: +1 289 819 3012 |
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections, and interpretations as at the date of this document.
All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI in this document may include, but is not limited to, statements related to the Meeting, the Share Consolidation and the Name Change, including the expected benefits and impact of the Share Consolidation and Name Change on the Company.
FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the receipt of all necessary shareholder and regulatory approvals for the Share Consolidation and Name Change; the ability of the Company to complete the Share Consolidation and Name Change on the anticipated terms and timeline; the Company’s financial position and general economic conditions; and such other risks and uncertainties as are discussed in the disclosure materials filed with the securities regulatory authorities in Canada. Risks and uncertainties about Wallbridge’s business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43- 101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.
