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Wolfden announces closing of $357,500 non-brokered flow-through private placement
Wolfden announces closing of $357,500 non-brokered flow-through private placement ...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden announces closing of $357,500 non-brokered flow-through private placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWolfden announces closing of $357,500 non-brokered flow-through private placement\nCanada NewsWire\nTHUNDER BAY, ON, May 31, 2016\n\n\n\nTHUNDER BAY, ON, May 31, 2016 /CNW/ - 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 3,250,000 flow-through units (the \"Flow-Through Units\") at a price of $0.11 per Flow-Through Unit for gross proceeds of $357,500. 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) (a \"Flow-Through Unit Share\") 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 $0.20 per common share until May 31, 2018.\n\nIn connection with the Offering, the Company has paid an aggregate of $10,000 in finder's fees to certain arm's length parties. \n\nThe Flow-Through Unit Shares and the Warrants (including the underlying common shares) issued under the Offering will be subject to a four-month hold period which will expire on October 1, 2016. The Offering is subject to final acceptance by the TSX Venture Exchange.\n\nThe proceeds from the Offering will be used to fund exploration at the Company's Canadian mineral exploration projects. Additional information is available in the Wolfden press releases dated May 10, 2016 and May 12, 2016.\n\nABOUT WOLFDEN RESOURCES:\n\nWolfden is a mineral exploration company that recently acquired the Rice Island and Nickel Island properties in Manitoba. Manitoba is ranked #6 in Canada and #19 in the world as the most favourable jurisdiction to conduct mining and exploration (Fraser Institute (2015-2016)). The Company also holds a dominant, 24,000 hectare, land position in the heart of the Bathurst Mining...