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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 > Form 9
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Comment by kilgoron May 28, 2014 8:27am
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Post# 22604281

RE:RE:RE:Form 9

RE:RE:RE:Form 9IMC stretching this out is a matter of opinion....

IMC wasn't satisfied with the NI 43-101 and according to their DD, and they wanted drill results from drill cores 20m apart. IMC stated this 26 months ago and provided a $5m loan. Last year IMC provided a second $5m loan and extended the maturity date of the first loan. We are now into our third year since the initial loan and IMC once again extended the maturity dates of their loans.

All we needed was $6m to complete the additional work and IMC provided us with $10m. Who do you think stretched this out?

On a related note, the fact that we are drilling 20m apart to more accurately defining the ore body according to IMC's request, implies the IMC deal is Not going away. (Assuming all IMC criteria has been met).
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