GREY:WFEMF - Post by User
Post by
GaiusOctaviuson Jul 29, 2014 12:18am
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Post# 22789549
Is Woulfe Mining on the verge of bankruptcy?
Is Woulfe Mining on the verge of bankruptcy?It appears that Woulfe Mining was recently sued in small claims court in Canada. Based on this recent company update on the CSE website. Apparently Woulfe Mining could not afford to pay the small settlement and chose to settle the claim by offering shares of Woulfe Mining stock. The company appears to be running low on cash and on the verge of bankruptcy. Perhaps this could explain why there has been no updates on the drilling program. Cheers! Source ---> https://www.thecse.com/cmsAssets/docs/Filings/2014/2014_07_28_19_10_25_WOF_Proposed_Issuance_of_Listed_Securities_(Debt).pdf