Wolfden Expands Private Placement to $2 Million

Wolfden Resources Corporation has announced an increase in its non-brokered private placement, doubling the initially planned gross proceeds from $1.0 million to $2.0 million. This decision comes in response to robust investor interest. The updated offering involves the sale of up to 25,000,000 units at $0.08 each, comprising one common share and half of a common share purchase warrant. Each whole warrant permits the purchase of an additional share at $0.12 within 24 months post-closing.

The proceeds are earmarked primarily for advancing the Rockland Gold Project in Nevada and for general corporate purposes. The transaction is slated to conclude by July 31, 2025, pending TSX Venture Exchange approval. The issued securities will carry a four-month hold under Canadian law.

The involvement of company insiders categorizes the investment as a related party transaction, exempted from formal valuation and minority approval under MI 61-101.