Woulfe Mining Corp WFEMF

Dundee Insider Buying

[wealthy123]

Dundee bought a further 1.29 million shares in mid October through a private purchase. This does not sound like a company that believes the project will not go ahead or become bankrupt, especially as they have invested signifcantly to date. I do not understand why they are issuing shares in lieu of payment. Does Canadian Governance not have pre-emption rights where exisitng shareholders are offered equitty first? Appreciate if anyone could clarify.

[lonade]

Dundee did not buy them; they were awarded to them as part of the loan they provided to WOF earlier. Comment on the issuance of shares for debt: This is actually a very good sign, since it shows that the companies that are directly working on site and have significantly more insider knowledge are seeing some sort of benefit of also accepting shares. In my point of view this is being managed well

[chrisp6712]

I agree that more shares will be created, probably 200 to 300 million shares. Woulfe doesn't have enough cash to even pay their staff.  Looking for opinions. Who has the strongest hand here? Dundee?, IMC? Could they decide to let Woulfe go bankrupt and buy the rights to the mine(s) from Woulfe for pennies on the dollar? Good luck to all