hemerdon fully financed!, page-2

Check the announcement on the London Stock Exchange for the full report. Massive discount though (33%). No wonder the SP has been getting smashed on AIM. Leaky ship for sure. Expect a horrible sell down today IMO. At least we can take part in the SPP.

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Successful £99.2 million fundraise to complete funding requirements for Hemerdon Tungsten-Tin Project

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.

The Issue Price represents a 33% discount to the volume weighted average price for the 20 day period up to and including 11 March 2014, being the day immediately prior to the Company's trading halt on the ASX.