Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced updates on an extensive internal and external assessment of the Company and its subsidiaries, and the potential ability to advance its key Sangdong Tungsten Project.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced a change in management as President and CEO Brian Wesson and VP of Business Administration Amelia Wesson have resigned from their positions.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced that it has engaged Dundee Securities Ltd. to sell, on a reasonable commercial-efforts basis, up to $10 million in principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture with an interest rate of 10% per year, payable semi-annually in arrears on the last day of June and December. The Company also announced the appointment of Ned Goodman to the board of directors.
Woulfe Mining (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) has acquired 60,000m2 of land adjacent to the Sangdong mine.
Woulfe Mining (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) awarded a mining development and production contract to Youngin Industries Corporation and in doing so, also announced that mine production cost will be lower by 49% and will increase the project NPV from US$400.3 million to US$535.2 million, taking IRR from 46.0% to 65.6%.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) reported the first blast of the production portal at the Sangdong tungsten/ molybdenum project in South Korea.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) announced assay results comprised of 16 holes from Sangdong Level and 13 holes drilled from -1 Level.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) reported assay results for 14 holes drilled at Sangdong, which will be used to progressively update the Resource estimate.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) has entered into a contract for the development of the main access portal and a commercial scale mine on the Sangdong property.
Woulfe Mining Corp. (TSXV:WOF,OTCQX:WFEMF,FWB:OZ4) is now moving forward with its proposed US$150 million debt financing with Shinhan Bank.
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