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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Woulfe Mining Corp WFEMF

Metals & Mining Industrial Metals & Minerals
Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Woulfe Mining Corp > IMC
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Comment by ark88on Jan 30, 2014 2:40pm
223 Views
Post# 22154514

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IMC

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IMCIf we get another 5 mil from IMC, that would be 15 mil. owed and based on the original agreement of 25% stake for 35 mil for Sangdong, they would cross the 10% ownership. Achieving 10% all the while not being any closer to a producing mine when they were owed only 5 mil 2 years ago.

What's really going on here?
KZ was smart enough to have the buy-in clause to maintain 10%, but why would Dundee allow this? Why didn't they convert this last round all into shares?
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