Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced the completion of due diligence, as well as satisfaction, from the International Metal Working Company on the Sangdong project.
As quoted in the press release:
Today, Woulfe Mining received confirmation from the International Metal Working Company (IMC) that IMC is satisfied with the results of its due diligence of the Sangdong project, as required by the transaction agreements executed on February 26, 2012 (the “Transaction Agreements”), and will be working toward closing its investment in the Sangdong project, subject to the remaining conditions to the transaction.
Woulfe Mining CEO and President Brian Wesson said:
The successful completion of due diligence marks an important milestone in the development of the Sangdong project. We look forward to working with IMC towards the completion of the transactions contemplated by the Transaction Agreements.