Woulfe Mining Corp WFEMF

Will Dundee be buying us?

[chizzles]

Reading through some news releases on stockwatch, I came upon this on Dundee..it is dated March 12th, and states that Dundee is trying to introduce a special purpose acquisition corporation or SPAC, the first in Canada. The new corporation will be called Dundee Acquisition LTD, with the purpose to raise at least $100 million dollars. The most interesting line in the article (below) is: The Globe's Jacqueline Nelson writes that Dundee Acquisitions aims to raise at least $100-million and launch the fund on the Toronto Stock Exchange, with the intention of buying an unknown business. This was released one week after our cancelled merger with Almonty. I don't think it is a coincidence. Thoughts? Here is the article: Globe says Dundee to tap market for $100-million 2015-03-12 06:29 ET - In the News The Globe and Mail reports in its Thursday, March 12, edition that Dundee ($12.18) is prowling for deals and is launching a special purpose acquisition company (SPAC) to gather investments. The Globe's Jacqueline Nelson writes that Dundee Acquisitions aims to raise at least $100-million and launch the fund on the Toronto Stock Exchange, with the intention of buying an unknown business. The initial public offering would be the first of its kind in Canada, after rules changed in 2008 to allow the structure in the country. In the United States, where SPACs have raised billions of dollars from investors in recent years, companies from American Apparel to Burger King Worldwide were taken public in this way. A SPAC raises money from investors through an initial public offering where the SPAC's organizer, or sponsor, pledges that an acquisition or other investment will be made later. It has no assets other than that cash, which is placed in escrow and is typically invested in bonds while management searches for deals. Often the investors get few details on the industry or business that the SPAC will target, which is why they are nicknamed "blank-cheque companies."

[chizzles]

The official Dundee NR which was release two days prior (five days after the cancelled Almonty merger).......... Dundee files prospectus for Dundee Acquisition IPO 2015-03-10 16:02 ET - News Release Mr. David Goodman reports DUNDEE CORPORATION AND DUNDEE ACQUISITION LTD. FILE PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING OF UNITS OF DUNDEE ACQUISITION LTD. Dundee Corp. and Dundee Acquisition

[chizzles]

IF the unknown company is Woulfe and they are trying to raise at least $100 million to buy it, wouldn't that come to at least .25 a share?

[chizzles]

I just want to make a correction, I made a mistake (mixed up NR's). I wrote that the Dundee NR was five days after the cancelled merger with Almonty, it was in fact about three weeks after. Does anyone have an opinion or comment on this or am I way off? Like I said, just stumbled upon this an it seemed to me like a big coincidence. Chizzles

[Adrammelech]

I personally think that this is a possibility. The 450,000 input was not from a public, but a subsidary, of Dundee which fits the potential plan you are describing. If 25 cents is what they are going to pay, what I wonder is if they are going to add some shares in the IPO company. I believe this is the only way to keep the majority shareholders happy, but we will see. If this is the case, I would

[GaiusGermanicus]

Doesn't mean they're going to use ALL the money . . .  Frankly this would be the largest insider ripoff I've ever heard of.  A non-competitive bid on a project on which they have more information than anyone else?  And RIGHT at the two bits level . . . that and some shares would top the best deal we're likely to get from an outsider, probably true, but it's