Company aims to use deal's proceeds for general corporate purposes
By Devika Patel
Knoxville, Tenn., Aug. 26 - Woulfe Mining Corp. announced it plans a C$1 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.10 per unit.
Each warrant will be exercisable at C$0.12 for three years. The strike price is identical to the Aug. 23 closing share price.
Proceeds will be used for general corporate purposes.
The Vancouver, B.C., company explores a tungsten molybdenum deposit with bismuth and gold as byproducts.
| Issuer: | Woulfe Mining Corp.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1 million
|
| Units: | 10 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.12
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 26
|
| Stock symbol: | TSX Venture: WOF
|
| Stock price: | C$0.12 at close Aug. 23
|
| Market capitalization: | C$41.97 million
|
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