Woulfe Mining Corp WFEMF

Just received my circular

[chizzles]

Started reading my circular. One thing of interest that I was not aware of is that the Woulfe shares that Almonty owns are not allowed to vote on the merger.

[chizzles]

Continuing my reading, the most concerning part is when written: IF the arrangement is NOT approved, Woulfe OWES Almonty $770 000, in which, see RISK FACTORS. That part scares me, especially with Lewis Black as CEO of both, I am not sure what his intentions will be at that point.

[chizzles]

Continuing my reading...On July 1st, Jacob Securities stated that in the event that the transaction with Almonty is not completed, it is highly unlikely that Woulfe will be able to raise enough capital to meet it's near term funding requirements in light of difficult market conditions for juniors, poor financial condition of Woulfe, the large minimum capital requirements of Woulfe (paying down

[chizzles]

Continuing my reading...a lot of us on this board speak as if Dundee gave up all of their shares in exchange for Almonty shares. Those were just the shares of Dundee Resources. Dundee Corporation stills owns 32 Million shares, plus warrants, which would in the aggregate entitle Dundee to acquire a further 43 Million shares if fully exercised. Dundee is still very in this, plus now owns 5% of

[TechOne]

Unless there is another offer that is clearly superior, I hope this merger goes through.. Almonty cannot vote their shares of Woulfe so other big holders plus retail has to agree to give them the vote..     WOF is in no condition to carry on with current balance sheet.. We have a hole in the ground that may be worth a lot but it can be lost with a stroke of a pen, considering the

[steamerlane]

Let me correct something,Almonty can vote by owning WOF shares,see page 15,paragraph 4,of the proposel.      

[chizzles]

Thanks Steamerlane, I probably misunderstood something, correct me if I am wrong. Read the bottom paragraph of page xviii and the top two paragraphs of page xix. It says that Woulfe shares held in aggregate by Almonty and Dundee must be excluded from voting...I am sure that you are right, but please LMK. Thanks

[steamerlane]

It can't be both ways.Almonty stated in that section they intend to vote for the merger,what else is there to say?  

[chrisp6712]

It may help to read entire section instead of just snippets. They are voting their shares for the agreement. The sections you reference relate to the rights of sub groups of shareholders. 

[chizzles]

Thank you. I read the whole thing, I just misunderstood.

[steamerlane]

Almonty is voting yes for the "Arrangement Resolution"(see page vi for the definition)This resolution is explained in "Appndix A".Now look at your "voting instruction form,item 1,which states you are for or against the"arrangement resolution in Appendia A.