RE:$1Mil. PP
Woulfe Mining arranges $1-million private placement
2013-08-26 15:15 ET - News Release
Mr. Hubert Marleau reports
WOULFE MINING ANNOUNCES $1 MILLION PRIVATE PLACEMENT
Woulfe Mining Corp. has reappointed Ned Goodman to the board of directors.
The company is also pleased to announce it has arranged a non-brokered private placement to raise gross proceeds of $1-million. The placement involves the sale of 10 million units at a price of 10 cents per unit. Each unit will comprise one common share and one warrant exercisable to acquire an additional share of the company at a price of 12 cents per share for a period of three years.
The company intends to use the net proceeds of the placement for general corporate purposes. The placement is subject to normal regulatory approvals, including approval of the TSX Venture Exchange.