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Woulfe Mining Corp.(CSE: WOF) is one of the latest new listings on the Canadian Securities Exchange

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Concurrent with its new CSE listing, the company has voluntarily de-listed from the TSX Venture Exchange. The company also closed a $4 million non-brokered, convertible debenture financing, with Dundee Corporation being the sole subscriber to the offering.

Additional Information:

Company: Woulfe Mining Corp.
Website: http://www.woulfemining.com/
Stock Symbol: CSE: WOF
Date Published: Mar 12, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch.com

Woulfe Mining Corp. is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange, and is trading under the symbol “WOF”.

Concurrent with its new CSE listing, the company has voluntarily de-listed from the TSX Venture Exchange.

The company also closed a $4 million non-brokered, convertible debenture financing, with Dundee Corporation being the sole subscriber to the offering.

Dundee now holds approximately 33.7% of the outstanding common shares of Woulfe Mining on a partially diluted basis.

The company intends to use the net proceeds of the offering to commence the proposed $6 million work program on the Sangdong project in South Korea and to fund the company’s working capital deficit and cover general expenses.

The Sangdong project includes the historic Sangdong Tungsten/Molybdenum Mine, one of the world’s largest tungsten producers prior to its closure in 1992.

It also includes the Muguk Gold Mine, Korea’s largest historical gold producer, along with other (point) lead/zinc and tungsten projects and grass roots uranium/vanadium exploration licenses.

The company’s priority is the development of the Sangdong Tungsten/Moly mine, which contains one of the few long life, high-grade tungsten deposits located outside of China.

Tungsten, originally used in the manufacture of steel items, has new growth applications in high tech electronics, LCD & LED panels, space industry, and medical instruments, and has been declared a strategic metal by China.

The shares are currently trading at $0.105.

For more information please visit the company`s website www.woulfemining.com or contact Hubert Marleau at 343-370-1943 or email hmarleau1@gmail.com.

I’m Samantha Deutscher for Investmentpitch.com
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