Wolfden Announces Increase to Non-Brokered Flow-Through Private Placement of up to $1,250,000

By March 10, 2014Press Releases

Wolfden Resources Corporation (WLF:TSX-V) (“Wolfden” or the “Company”) is pleased to announce that further to its previous news release on March 7, 2014, it is increasing the size of the non-brokered private placement (the “Offering”) to up to 6,250,000 flow-through units (the “Flow-Through Units”) at a price of $0.20 per Flow-Through Unit for gross proceeds of up to $1,250,000. Each Flow-Through Unit will consist 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 non-transferrable common share purchase warrant (each whole warrant a “Warrant”). Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.27 per common share for a period of 24 months from the closing date of the Offering. In connection with the Offering, the Company may pay finders’ fees to certain arm’s length parties in accordance with the rules of the TSX Venture Exchange (the “TSXV”) in consideration for their efforts in introducing subscribers to the Company.

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