Wallbridge Mining announces sale of Detour East claims to Agnico Eagle

Wallbridge Mining (WLBMF) sold mineral claims comprising the Detour East property to Agnico Eagle Mines (AEM) for cash consideration of $8M plus a 2% NSR royalty over the property. The Detour East claims were the subject of an existing earn-in agreement between Wallbridge and Agnico Eagle. The transaction provides immediate liquidity to Wallbridge and will allow it to focus on the continued exploration and development of its Detour-Fenelon Gold Trend Property located in the northern Abitibi region of Quebec.