Thunder Bay, Ontario, March 15, 2021 – Wolfden Resources Corporation (WLF.V) (“Wolfden” or the “Company”) is pleased announce that it has arranged for a non-brokered private placement financing that consists of 10,000,000 units at a price of C$0.32 per unit for gross proceeds of $3.2 million (the “Offering“). Each unit is comprised one common share of the Company (“Common Shares“) and one half of a share purchase warrant. Each whole share purchase warrant can be converted in one common share of the Company at a price of $0.45 for two years, subject to acceleration in certain circumstances.
