Wolf Minerals Capital Raise
As you are aware, Wolf Minerals (the Company) has recently undertaken a capital raise to complete the funding requirements for the Hemerdon tungsten and tin project in Devon in the United Kingdom. This is a very exciting time for both the Company and the local community as it will be the first new metal mining operation in the United Kingdom for 45 years.
The capital raise is significant and as such will require shareholder approval. A Notice of General Meeting and Appointment of Proxy Form are enclosed, and contain further details on each of the resolutions which require shareholder approval (Notice).
It must be noted that the Company has already gone to extensive lengths to attract investors for the capital raise, including road shows and investor briefings in the United Kingdom, United States, Asia and Australia, and the appointment of a syndicate of four broking firms. The Company also investigated alternative funding sources but was unable to incorporate these terms due to the security arrangements already in place with our project debt finance.
For further information please download PDF attached:
