Woulfe Mining Corp WFEMF

Amended Warrant Terms & Debt Settlement

[TechOne]

https://cnsx.ca/cmsAssets/docs/Filings/2014/2014_08_21_18_18_03_WOF_Woulfe_Proposes_to_Amend_Warrant_Terms_and_to_Issu.pdf

[GaiusGermanicus]

Let them expire.  They were issued in conjunction with incentive for a rapid implementation of a business plan that has now dragged on two years over its nominal schedule.  They failed, they lose. There is no point in performance based incentives when the incentive is given regardless of execution of performance.

[chizzles]

The positive that you can take from this is that the exersise price is .30 and they are extending it just one year. You would figure that would mean they feel the price will be higher than .30, which sounds good to me at this point... Chizzles

[TechOne]

Agree with you more or less.. I would have been royally pis-ed if they had reduced the price..  Extension is 1 year so well within all the general ball park of what it will take in terms of time lines going forward.. Let's see how they treat IMC loans..  We will probably hear about that ony when they announce financing news / deals etc...

[kilgor]

.....I don't think it is common to extent warrant expiration dates. (If it is, someone enlighten me). The question I have is whom are they extending it for?  And is this transaction arms-length?