THUNDER BAY, ON, Jan. 6, 2014 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company") is pleased to announce the closing of the acquisition of mining
claims in the Bathurst Mining Camp and surrounding area in
north-eastern New Brunswick (the "Property"), as previously announced on November 20, 2013 and detailed in the
December 9, 2013 Press Release (right click on Press Release to open hyperlink).
Wolfden acquired the Property from 8100896 Canada Inc., a wholly-owned
subsidiary of GeoVenCap Inc. (the "Vendor"). Pursuant to the terms of a definitive purchase agreement, Wolfden
purchased all of the Vendor's right, title and interest to and in the
Property for cash consideration of $125,000 and 571,428 common shares
of Wolfden (the "Consideration Shares") having a deemed value of $100,000. The Consideration Shares are
subject to a four-month hold period under applicable securities laws in
Canada.
The transaction has been approved by the TSX Venture Exchange.
This press release contains forward-looking information that involves
various risks and uncertainties regarding future events. Such
forward-looking information includes statements based on current
expectations involving a number of risks and uncertainties and such
forward-looking statements are not guarantees of future performance of
the Company, and include, without limitation, statements relating to
the acquisition of the Property. There are numerous risks and
uncertainties that could cause actual results and the Company's plans
and objectives to differ materially from those expressed in the
forward-looking information in this news release, including without
limitation, the following risks and uncertainties;(i) risks inherent in
the mining industry; (ii) regulatory and environmental risks; (iii)
results of exploration activities and development of mineral
properties; (iv) stock market volatility and capital market
fluctuations; and (v) general market and industry conditions. Actual
results and future events could differ materially from those
anticipated in such information. These forward-looking statements are
based on estimates and opinions of management on the date hereof and
are expressly qualified by this notice.
Neither the TSX Venture Exchange nor its regulation services provides
(as that term is defined in the policies of the TSX Venture Exchange)
has reviewed or accepts responsibility for the accuracy or adequacy of
this release.
SOURCE Wolfden Resources Corporation
Donald Hoy
President
Wolfden Resources Corporation
Tel: (807) 624-1131 Fax: (807) 624-1133
Email: dhoy@wolfdenresources.com
Website: www.wolfdenresources.com
George Topping
Chief Executive Officer
Wolfden Resources Corporation
Tel: (416) 268-1043
Email: gtopping@wolfdenresources.com
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