Dundee getting some more Wolfden-
They have been supporters for a long time-
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Wolfden announces $8 million financing
/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Shares Issued: 35,972,742
THUNDER BAY, ON, Aug. 26 /CNW/ - WOLFDEN RESOURCES INC. (TSX:WLF) is
pleased to announce that it has entered into an agreement with Dundee
Securities Corporation and Canaccord Capital Corporation for the sale, on a
best efforts basis, of 1,600,000 flow through common shares (the "Flow-Through
Shares") at a price of $5.00 per Flow-Through Share for gross proceeds of
$8,000,000. The Flow-Through Shares will be offered by way of private
placement exemptions in certain provinces of Canada.
Wolfden plans to use the proceeds of this offering for the further
development of its 100% owned High Lake Property, and for its Red Lake and
Monument Bay gold properties.
The offering is scheduled to close on or about September 2, 2003 and is
subject to certain conditions and the receipt of all necessary regulatory
approvals.
WOLFDEN is a Canadian based mineral exploration and development company
with a diversified portfolio of advanced stage properties and several ongoing
exploration programs in Canada. Wolfden is debt free and has a strong
treasury.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
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For further information: please contact: Ewan Downie, President, Phone:
(807) 346-1668, Fax: (807) 473-1977, e-mail: wolfden@baynet.net, Web Site:
www.wolfdenresources.com |
