William Day Construction Limited and William Day Holdings Announces Filing of Early Warning Report Related to the Acquisition of Common Shares of Wallbridge Mining Company Limited

AZILDA, ON, May 3, 2018 /CNW/ - William Day Holdings Limited ("William Day") today announced that it has filed an early warning report ("Report") announcing that, on May 2, 2018, it acquired 27,142,857 common shares ("Common Shares") of Wallbridge Mining Company Limited ("Wallbridge" or the "Issuer") through a non-brokered private placement at a price of $0.07 per Common Share for total consideration of $1,900,000 (the "Acquisition").

Prior to the Acquisition, William Day owned 27,652,050 Shares of the Company representing approximately 9.35% of the issued and outstanding Shares of the Company. In addition, William Day currently owns 11,722,050 additional Share purchase warrants. Following the Acquisition, William Day owns 54,794,907 Shares of the Company representing approximately 16.98% of the issued and outstanding Shares on a non-diluted basis, and approximately 19.89% on a partially diluted basis.

William Day has acquired the Common Shares of the Issuer for investment purposes and William Day may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the Common Shares or other securities of the Issuer, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

For further details relating to the Acquisition, please see the Report, a copy of which is available on the Issuer's profile on SEDAR at www.sedar.com.

SOURCE William Day Holdings Limited

Brian Beaton, Secretary and Treasurer, William Day Construction Limited and William Day Holdings Limited, Tel: [phone]