GREY:WFEMF - Post by User
Comment by
wolfry1on Apr 24, 2015 8:48pm
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Post# 23663315
RE:News...or no news
RE:News...or no newsPerhaps the hangup is with IMC ......may need a little "lube" !
From the Jan 23-2015 news release....
Woulfe Mining Corp. ("Woulfe" or the "Company") (CSE: WOF, Frankfurt: OZ4) announces completion of the final update to the Feasibility Study and de-risking of the Tetra Tech 2012 Feasibility Study, on the Sangdong Project, in the Republic of Korea.
The final Feasibility Study was also delivered to IMC in fulfillment of closing procedures for the agreements, with conditions of the original and amended and restated Strategic Arrangement agreements between Woulfe and IMC (See news releases dated February 28, 2012 and March 4, 2013) remaining in place, including, subject to the terms and conditions of the agreements, IMC acquiring a 25% interest in Sangdong Mining Corporation (Woulfe's 100-owned subsidiary) "(Sangdong") for total consideration of CAD$35 million (less current loan balance and related interest).