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Wolfden announces non-brokered flow-through private placement of up to $400,000
Wolfden announces non-brokered flow-through private placement of up to $400,000 Ca...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"\n\n\n\nWolfden announces non-brokered flow-through private placement of up to $400,000\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\n\nCanada NewsWire\nTHUNDER BAY, ON, May 29, 2017\n\n\n\nTHUNDER BAY, ON, May 29, 2017 /CNW/ - Wolfden Resources Corporation (WLF-TSX-V) (\"Wolfden\" or the \"Company\") today announces that it intends to complete a non-brokered private placement (the \"Offering\") of up to 2,500,000 common shares of the Company that are \"flow-through shares\" within the meaning in the Income Tax Act (Canada) (the \"Flow-Through Shares\") at a price of $0.16 per Flow-Through Share for gross proceeds of up to $400,000. The Company may, in its sole discretion, increase the size of the Offering, by up to 15% for up to an additional 375,000 Flow-Through Shares. In connection with the Offering, the Company may pay finder's fees to certain arm's length parties in accordance to 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 about June 7, 2017. The Offering is subject to acceptance by the TSXV and other customary conditions for a transaction of this nature.\n\nThe net proceeds from the Offering will be used for exploration on the Company's Orvan Brook property in New Brunswick, Canada.\n\nABOUT WOLFDEN RESOURCES:\n\nWolfden is a mineral exploration company holding nickel properties in Manitoba and Zn-Pb-Cu base-metal properties in New Brunswick. Manitoba is ranked #2 in Canada and #2 in the world as...