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Wolfden announces closing of $360,000 non-brokered flow-through private placement
Wolfden announces closing of $360,000 non-brokered flow-through private placement ...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden announces closing of $360,000 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 $360,000 non-brokered flow-through private placement\nCanada NewsWire\nTHUNDER BAY, ON, Dec. 30, 2015\n\n\n\nTHUNDER BAY, ON, Dec. 30, 2015 /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 3,600,000 flow-through units (the \"Flow-Through Units\") at a price of $0.10 per Flow-Through Unit for gross proceeds of $360,000. 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) (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 December 30, 2017. \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 May 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 Rice Lake property, Manitoba. Exploration activities will be focused on expanding the known resource and testing regional geophysical anomalies.  Additional information is available in the Wolfden Press Release dated December 21, 2015.\n\nThis press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements about use of proceeds of the Offering and other terms of the Offering, spending commitments, future operations, future work programs and objectives. Forward-looking information is based on the opinions and estimates of management that, which co...