Wolfden Resources Corporation (WLF:TSX-V) (“Wolfden” or the “Company”) is pleased to announce that it has completed a previously announced non-brokered private placement (the “Offering”) of 3,600,000 flow-through units (the “Flow-Through Units”) at a price of $0.10 per Flow-Through Unit for gross proceeds of $360,000. Each Flow-Through Unit consists of one common share of the Company that is a “flow-through share” within the meaning in the Income Tax Act (Canada) (a “Flow-Through Unit Share”) and one-half of one non-transferrable common share purchase warrant (each whole warrant a “Warrant”). Each such Warrant will entitle the holder to purchase one common share of the Company at a price of $0.20 per common share until December 30, 2017.
