Woulfe Mining approves Korean Zinc Co Ltd Investment at AGM

Woulfe Mining Corp. (TSXV:WOF) reports investment of Korea Zinc Co Ltd into its Korean subsidiaries at the annual general meeting on Friday January 21st 2011.

The press release is quoted as saying:

As announced on January 5, 2011 the proposed investment would have Korea Zinc invest CDN$38,000,000 to receive a 51% stake in the subsidiary which holds the Sangdong tungsten/molybdenum project and CDN$1,800,000 into Muguk Gold Corporation to acquire 51% of that project.

Woulfe Mining’s President & CEO, Brian Wesson says:

“We welcome Mr. Choi to our board and know that his advice and assistance will be very valuable to Woulfe as we continue to build value in Korea for shareholders.” 

Click here to access the entire news release.

Click here to access Woulfe Mining’s company profile.