Wolfden Resources Announces $1.0M Financing

Wolfden Resources Corp. has announced a non-brokered private placement financing of up to 12,500,000 units at C$0.08 per unit, totaling up to $1.0 million. Each unit includes a common share and half of a common share purchase warrant, with an exercise price of $0.12 per share, valid for 24 months post-closing.

The proceeds will mainly support the Rockland Gold Project in Nevada, along with general corporate purposes. The offering is expected to close by July 31, 2025, pending TSX Venture Exchange approval. The securities involved will face a four-month hold period under Canadian law.

Some investors are insiders, making this a "related party transaction" under TSXV Policy 5.9 and MI 61-101. Wolfden plans to use available exemptions to avoid formal valuation and minority approval requirements.