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Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) provided an update on its $1 Million Private Placement.
As quoted in the press release:
In the event that Korea Zinc elects to exercise the Participation Right in full, a further 3,133,503 units will be issued at a price of $0.10 per unit, in addition to the 10,000,000 units to be placed as announced in August 26, 2013, generating additional gross proceeds of $313,350.30, for aggregate gross proceeds of $1,313,350.30. As previously announced, each unit will be comprised of one common share and one share purchase warrant. Each warrant will allow the holder to acquire one additional share of the Company at a price of $0.12 per share for a period of three years from issuance. Korea Zinc may exercise its Participation Right in any lesser portion at its sole discretion.
Click here to read the Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) press release
Click here to see the Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) profile.
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