Woulfe Mining Receives Additional Funding

Mining Weekly reported Woulfe Mining (TSXV:WOF) said financing for its Sangdong tungsten/molybdenum project is progressing with a loan from Shinhan Bank.

As quoted in the market news:

South Korea’s largest bank offered the TSX-V-listed company a 12-year term loan amounting to KRW120-billion (Korean won), which is equal to about $104-million for the development of the Sangdong project.

The loan entails a 12-year KRW110-billion senior debt facility, as well as a KRW10-billion working capital credit facility.

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