Wolf Minerals Limited (ASX:WLF, AIM:WLFE) (“Wolf”, the “Company”) is pleased to announce the successful completion of a conditional Fundraise to raise gross proceeds of approximately A$182.7 million (£99.2 million) at a price of A$0.30 (16.3p) per share (the “Issue Price”). Wolf will also be undertaking a share purchase plan (“SPP”) to raise up to A$2.0 million at the Issue Price and any sums raised in the SPP will reduce certain commitments under the remainder of the Fundraise.
The proceeds of the Fundraise and SPP will be used to complete construction of the Hemerdon Tungsten and Tin Project (“Hemerdon” or the “Project”) and support the Project through to positive cashflows.
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