|
| Home : Woulfe Mining Arranges $350,000 Unsecured Convertible Loan |
|
Jan 23
2014 |
Woulfe Mining Arranges $350,000 Unsecured Convertible Loan |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 22, 2014) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) announces that Dundee Corporation ("Dundee") has agreed to lend $350,000 to the Company (the "Loan"). The Loan will be unsecured and bear interest at a rate of 12% per annum compounded annually, maturing on the date which is one year from advancement. The principal of the Loan shall be convertible, during the Loan term, at the option of Dundee, into units (each a "Unit") at a price of $0.115 per Unit. Each Unit will consist of one common share and one share purchase warrant, exercisable at $0.12 per share for a period of the lesser of (i) five years from the date the Loan is advanced and (ii) 36 months following the date of conversion. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1871702&sourceType=3 |
| |
|
Related News
|
» Die Matrox Mura-Netzwerk-API bietet aufregende neue Digital Signage-Funktionen für Mura-basierte Videowände
» Exchange Income Corporation Announces $40,000,000 Bought Deal Financing of 6.00% Convertible Unsecured Subordinated Debentures
|
|
|
