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Wolfden announces increase to non-brokered flow-through private placement of up to $357,500
Wolfden announces increase to non-brokered flow-through private placement of up to $357,50...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden announces increase to non-brokered flow-through private placement of up to $357,500\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 increase to non-brokered flow-through private placement of up to $357,500\nCanada NewsWire\nTHUNDER BAY, ON, May 12, 2016\n\n\n\nTHUNDER BAY, ON, May 12, 2016 /CNW/ - Wolfden Resources Corporation (WLF-TSX-V) (\"Wolfden\" or the \"Company\") is pleased to announce that further to its press release dated May 10, 2016, it is increasing the size of the non-brokered private placement (the \"Offering\") to up to 3,250,000 flow-through units (the \"Flow-Through Units\") at a price of $0.11 per Flow-Through Unit for gross proceeds of up to $357,500. 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 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 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.\n\nThe securities to be issued under this Offering will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario and such other provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a four-month hold period which will expire four months and one day from the date of closing of the Offering.\n\nClosing of the Offering is anticipated to occur on or before May 31, 2016. The Offering is subject to acceptance by the TSXV and other customary conditions for a transaction of this nature.\n...