Wolfden Resources Corporation (WLF-TSX-V) (“Wolfden” or the “Company”) today announces that it intends to complete a non-brokered private placement (the “Offering”) of up to 2,500,000 common shares of the Company that are “flow-through shares” within the meaning in the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of $0.16 per Flow-Through Share for gross proceeds of up to $400,000. The Company may, in its sole discretion, increase the size of the Offering, by up to 15% for up to an additional 375,000 Flow-Through Shares. In connection with the Offering, the Company may pay finder’s fees to certain arm’s length parties in accordance to the rules of the TSX Venture Exchange (the “TSXV”) in consideration for their efforts in introducing subscribers to the Company.
