Wolfden Resources Corporation press release
Wolfden completes acquisition of mining claims in the Bathurst Mining Camp
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THUNDER BAY, ON, Jan. 6, 2014/CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the"Company") is pleased to announce the closing of the acquisition of mining claims in the Bathurst Mining Camp and surrounding area in north-eastern New Brunswick(the "Property"), as previously announced on November 20, 2013and detailed in the December 9, 2013Press Release(right click on Press Releaseto open hyperlink).
Wolfden acquired the Property from 8100896 Canada Inc., a wholly-owned subsidiary of GeoVenCap Inc. (the "Vendor"). Pursuant to the terms of a definitive purchase agreement, Wolfden purchased all of the Vendor's right, title and interest to and in the Property for cash consideration of $125,000and 571,428 common shares of Wolfden (the "Consideration Shares") having a deemed value of $100,000. The Consideration Shares are subject to a four-month hold period under applicable securities laws in Canada.
The transaction has been approved by the TSX Venture Exchange.
_This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements relating to the acquisition of the Property. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties;(i) risks inherent in the mining industry; (ii) regulatory and environmental risks; (iii) results of exploration activities and development of mineral properties; (iv) stock market volatility and capital market fluctuations; and (v) general market and industry conditions. Actual results and future events could differ materially from those anticipated in such information. These forward-looking statements are based on estimates and opinions of management on the date hereof and are expressly qualified by this notice._
Neither the TSX Venture Exchange nor its regulation services provides (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the accuracy or adequacy of this release.
SOURCE Wolfden Resources Corporation
Donald Hoy President
Wolfden Resources Corporation Tel: (807) 624-1131 Fax: (807) 624-1133 Email:dhoy@wolfdenresources.com Website:www.wolfdenresources.com
George Topping Chief Executive Officer
Wolfden Resources Corporation Tel: (416) 268-1043 Email:gtopping@wolfdenresources.com
Copyright CNW Group 2014
Earlier from Wolfden Resources Corporation
- Wolfden signs definitive agreement to acquire large strategic land package with historical resources adjoining the Armstrong Brook property in the Bathurst Mining Camp
- Wolfden bolsters management team with appointment of new CEO
- Wolfden enters into letter of intent to acquire a large strategic land package adjoining the Armstrong Brook Property in the Bathurst Mining Camp