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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2013) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) announces today that it has executed an Amended and Restated Bridge Loan Agreement (the "Amended Loan Agreement") in respect of the original $5 million bridge loan advanced by TaeguTec Ltd. ("TaeguTec"), an affiliate of International Metalworking Companies B.V. ("IMC"), on February 26, 2012 and an amendment agreement to the Subscription Agreement dated February 26, 2012 between the Company, its wholly owned subsidiary Sangdong Mining Corp. ("Sangdong") and IMC (the "Amendment Agreement") pursuant to which IMC will acquire a 25% interest in Sangdong for aggregate consideration of $35 million. (See Woulfe press release dated February 28, 2012). |
