Woulfe Mining, Almonty Industries Cancel Merger

- February 17th, 2015

Woulfe Mining Corp. (TSXV:WOF) announced that its board of directors has decided to terminate a January 20, 2015 letter agreement regarding a proposed merger between Woulfe and Almonty Industries Inc. (TSXV:AII).

Woulfe Mining Corp. (TSXV:WOF) announced that its board of directors has decided to terminate a January 20, 2015 letter agreement regarding a proposed merger between Woulfe and Almonty Industries Inc. (TSXV:AII).

As quoted in the press release:

The $150,000 bridge loan provided by Almonty will become due on April 30, 2015.

Woulfe also announces with regret that Mr. David Constable has resigned as a Director and as Chairman of the Board of Directors of the Company for health reasons. His presence will be missed and the Company wishes to acknowledge Mr. Constable’s immeasurable contributions and high moral standing that he brought to the Board of Woulfe.

Click here to read the full Woulfe Mining Corp. (TSXV:WOF) press release.

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