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Wolfden Arranges $2M Financing with its Strategic Partners Altius Minerals Corporation and Kinross Gold Corporation

Wolfden Arranges $2M Financing with its Strategic Partners Altius Minerals Corporation and Kinross Gold Corporation
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Wolfden Resources Corporation: Wolfden Arranges $2M Financing with its Strategic Partners Altius Minerals Corporation and Kinross Gold Corporation

Wolfden Resources Corporation: Wolfden Arranges $2M Financing with its Strategic Partners Altius Minerals Corporation and Kinross Gold Corporation
Wolfden Resources Corporation
Company )
Altius ) and Kinross Gold Corporation (K.T) (
Kinross ) for a non-brokered private placement of 6,250,000 common shares of the Company (
Common Shares ) at a price of C$0.32 per Common Share for gross proceeds of $2 million (the
Offering ). Upon closing, Altius will hold approximately 12.5% and Kinross will hold approximately 11.4% of the issued and outstanding shares of the Company.
The majority of the proceeds from the Offering will be used to continue exploration at the Company s 100%-owned Pickett Mountain high-grade polymetallic deposit and also at its recently optioned Big Silver project, both located in Maine, USA. As part of the terms of the subscription agreement, the Company will continue to collaborate on technical programs related to the exploration and ....

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