Business
Wolfden Closes First Tranche of Non-Brokered Private Placement of Units for Gross Proceeds of up to $1.9 Million
TORONTO, ON / ACCESS Newswire / August 5, 2025 /Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") ...
About this update from Wolfden Resources Corp.
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / August 5, 2025 / Wolfden Resources Corporation (WLF.V) ("Wolfden" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") units of the Company ("Units") for aggregate gross proceeds to the Company of $1.9 million. The Company expects to close a second and final tranche of the Offering for gross proceeds of $100,000 on or about August 8, 2025.","length":514,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Wolfden Resources Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":292,"height":48,"url":"https://media.zenfs.com/en/accesswire.ca/80c5f713b7632b8d4706aadda42daaf3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DNgedZxsk4CeGzMCW7r5iA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5O2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/80c5f713b7632b8d4706aadda42daaf3","width":292,"height":48}}},{"type":"text","content":"Pursuant to the closing of the first tranche of the Offering, the Company issued 23,750,000 Units at a price of $0.08 per Unit. Each Unit was comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.12 per Common Share for a period of 24 months following closing of the first tranche of the Offering.","length":524,"tagName":"p"},{"type":"text","content":"The majority of the proceeds from the Offering will be used to advance on the Company's Rockland Gold Project in Nevada, working capital and general corporate purposes.","length":172,"tagName":"p"},{"type":"text","content":"The Offering remains subject to the final approval of the TSX Venture Exchange ("TSXV"). No compensation was paid in respect of the first tranche of the Offering. The securities issued pursuant to the first tranche of the Offering are subject to a four-month hold period under applicable Canadian securities laws.","length":323,"tagName":"p"},{"type":"text","content":"Related Party TransactionCertain investors are insiders of the Company and their participation in the Offerin...