Wolfden Announces Closing of $350,000 Non-Brokered Flow-Through Private Placement and Updates Exploration Activities

By December 16, 2016Press Releases

Wolfden Resources Corporation (WLF-TSX-V) (“Wolfden” or the “Company”) is pleased to announce that it has completed a previously announced non-brokered private placement (the “Offering”) of 3,500,000 flow-through units (the “Flow-Through Units”) at a price of $0.10 per Flow-Through Unit for gross proceeds of $350,000. Each Flow-Through Unit consists of one common share of the Company that is a “flow-through share” within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each such Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per common share until December 15, 2018.

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