Woulfe Mining Corp. (CVE:WOF) reports its approval for the mine development license for Sangdong tungsten-molybdenum project. The Company will lodge an environmental bond in the coming week and proceed to open the underground mine in conjunction with the mine safety authority. Brian Wesson, CEO and President of Woulfe Mining says: “This is a significant milestone for the Company [...]
Woulfe Mining Corp. (CVE:WOF) reports its work schedule for 2010. Woulfe Mining is focused on the redevelopment of the world class Sangdong tungsten and molybdenum mine in South Korea. Woulfe is in a unique position with what the Board considers to be “The” tungsten project in the world with its 25 km of underground development [...]
Woulfe Mining reports that it has completed a partially non-brokered private placement. The Placement was brokered by GMP Securities Europe LLP which shall receive a cash commission of 6% of the proceeds directly placed and 3% of the proceeds placed by the Company and 1,763,000 compensation warrants representing 6% of the shares placed. Each whole compensation [...]
Woulfe Mining Corp. reports Scoping Study for its Sangdong project in South Korea has been submitted to the property vendor, Se Woo Mining. The Company has the right to secure 100% ownership on completion of a full feasibility study. At that time, the Company’s remaining obligation to Se Woo Mining is a 2% net smelter royalty once production [...]
Woulfe Mining Corp. reports that it has executed an agency agreement with GMP Securities for the completion of a fundraising. The fundraising will comprise private placement of 27,383,333 common shares at a price of C$0.15 per share generating gross proceeds of $4,107,500 (the “Placement”). GMP will receive a commission of 6% of the proceeds placed payable [...]
Monday, June 7, 2010