Woulfe Closes Brokered Placemet at $4,407,500

- May 20th, 2010

Woulfe Mining Corp. (TSX-V: WOF), a TSX-V listed company with a diversified portfolio of mining licences for tungsten, molybdenum, gold, base metals, uranium and vanadium in South Korea, has announced that it has partially completed its non-brokered private placement of 29,383,333 shares (each a “Share”) at a price of $0.15 per share generating gross proceeds […]

Woulfe Mining Corp. (TSX-V: WOF), a TSX-V listed company with a diversified portfolio of mining licences for tungsten, molybdenum, gold, base metals, uranium and vanadium in South Korea, has announced that it has partially completed its non-brokered private placement of 29,383,333 shares (each a “Share”) at a price of $0.15 per share generating gross proceeds of $4,407,500.

Brian Wesson President, CEO and Director is quoted saying:

“The Placement was brokered by GMP Securities Europe LLP which shall receive a cash commission of 6% of the proceeds directly placed and 3% of the proceeds placed by the Company and 1,763,000 compensation warrants representing 6% of the shares placed.”

Click here to access the entire Press Release

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