I wonder what the terms will be for the CR? also at what price will the CR be for the shareholders in WLF? Its very good that both RC funds and TTI will participate in the CR, as it shows that they have support in the way the company is going about its business.
I think once the trading halt is lifted on Friday, the sp will be going backwards towards 40c.
Wolf Minerals (ASX: WLF, AIM: WLFE) is heading to market with a capital raising, and is already receiving support from its major shareholders.
Resources Capital Funds V L.P. and TTI (NZ) Limited will participate.
Interest in the stock continues to build following a funding package totalling ~A$222.6 million for the development and construction of the Hemerdon Project, located in Devon in the south west of the UK.
Hemerdon is the third largest global tungsten resource, and will be the first new mine in the UK for 45 years.
The funding package comprises £75 million in Senior Project Finance Facilities from ING, Unicredit and CAT Financial, plus a US$75 million Bridge Finance Facility from the company’s major shareholder, Resource Capital Funds.
The ASX has this morning granted Wolf a trading halt, with its shares placed in pre-open.
The halt will remain in place until the opening of trade on Friday 14th March 2014, or earlier if an announcement is made to the market.
http://www.proactiveinvestors.com.au/companies/news/53613/wolf-minerals-to-raise-capital-resources-capital-funds-supports-53613.html
Good luck to all that hold WLF
Add to My Watchlist
What is My Watchlist?