Wolfden Completes $2.2 Million Financing
Thunder Bay, Ontario --
Shares Issued: 15,111,921
Wolfden Resources Inc. ("Wolfden") (CDNX:YWO) is pleased to
announce that it has completed the previously announced offering
of 2,932,733 class C special warrants at a price of $0.75 per
class C special warrant for gross proceeds of $2,199,549.75
through a syndicate led by Canaccord Capital Corporation and
Dundee Securities Corporation (collectively the "Agents"). The
Agents received for their services in connection with the
offering an aggregate of 205,291 class D special warrants.
Each class C special warrant is exercisable, for no additional
consideration, for one flow-through common share of Wolfden and
each class D special warrant is exercisable, for no additional
consideration, for one common share of Wolfden provided that a
receipt is issued for a final prospectus of Wolfden qualifying
the issue of such flow-through common shares and common shares by
September 21, 2002, failing which each class C special warrant
will be exercisable, for no additional consideration, for 1.1
flow-through common shares and each class D special warrant will
be exercisable, for no additional consideration, for 1.1 common
shares.
The proceeds from the private placement will be used to fund the
exploration of the High Lake Property. |
