Woulfe Mining Corp WFEMF

RE: RE: RE: RE: Ned Goodman-- On the Board

[steamerlane]

How is this good news????Please take a little time to read he details,because it is good news>>>>>>The Company shall have the option to redeem the Debentures after December 31, 2015, provided that the weighted average closing price of the Company's common shares during the 20 consecutive trading days ending five trading days preceding the date on which a notice of redemption is given is not less than 130% of the Conversion Price, by delivering that number of common shares as is equal to dividing each $1,000 of principal amount of Debentures by 95% of the weighted average closing price of the Company's common shares during the 20 consecutive trading days ending five trading days preceding the date fixed for redemption or the maturity date as the case may be, with any accrued or unpaid interest payable in cash.

The Company intends to use the net proceeds of the Offering for the repayment of short term debt and for general corporate purposes