Wolfden Adds to Board
Wolfden Adds to Board
THUNDER BAY, ON, Jan. 2, 2018 /CNW/ - Wolfden Resources Corporation (TSX-V:WLF) is pleased
to announce that Mr. Ronald Little has agreed to join the Wolfden Team as a lead director of the
Corporation. Mr. Little is a professional engineer that brings a successful track record of exploration,
corporate and mine development and mining operation s. As an active director of the Board, he will assist
in advancing Wolfden's new Pickett Mountain high-gr ade base metal project in Maine, USA as well
assessing other opportunities.
Mr. Little's previous experience includes over 30 years of progressive leadership and executive
management of publicly traded mining companies. In 1996, he was the founder of Orezone Resources
Inc., a company that went on to develop the largest gold mine in Burkina Faso that was taken over in a
deal worth $350M by Iamgold in 2008. In addition to extensive marketing and project finance experienc e,
Mr. Little has a broad technical background that includes the management of underground and surface
mining operations, permitting and feasibility studies all of which will be valuable attributes in movi ng
Wolfden towards mine development. Mr. Little also sits on the boards of Premier Gold Mines and
Northern Graphite Corp.
"Having worked with Ron for a number of years, I am confident in his ability to advance projects to
development and build shareholder value" commented Ewan Downie, Chairman. "His diverse world-wide
experience and strong exploration and underground o perational experience will complement our existing
Board and team as we advance our key assets and ass ess additional opportunities."
In connection with his appointment as a director, Mr. Little has agreed subscribe for 500,000 common
shares of the Corporation at a price of $0.29 per share on a private placement basis pursuant to
applicable exemptions. The common shares to be issu ed pursuant to the private placement will be
subject to a four month hold period pursuant to applicable securities laws. The completion of the private
placement is subject to receipt of required regulatory approvals, including the approval of the TSX
Venture Exchange and is expected to close on or abo ut January 6, 2018.
In addition, the Corporation has granted Mr. Little options to acquire up to 600,000 common shares at an
exercise price of $0.53 per share and expiring five years from the date of grant, with 500,000 of such
options subject to specific vesting conditions.
About Wolfden:
Wolfden is a Canadian junior mining exploration com pany who's core asset is the Pickett Mountain high-
grade base metal in Maine, USA. With a recently updated mining code in Maine, the Company is focused
on advancing to property to an underground mine development scenario through an aggressive program
of definition and expansion drilling followed by technical and environmental studies. Historical work
demonstrates the potential to expand the current drill-defined mineralization and through the use of m ore
modern geophysical techniques, the company hopes to identify other high priority drill targets.
This Press Release contains certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward-looking information includes, but is not limited to,
statements about strategic plans, including future operations, future work programs, capital expenditures,
discovery of minerals, price of base metals and currency exchange rates, timing of geological and
environmental reports and corporate and technical objectives.. Forward-looking information is necessar ily
based upon a number of assumptions that, while cons idered reasonable, are subject to known and
unknown risks, uncertainties, and other factors which may cause the actual results and future events to
differ materially from those expressed or implied b y such forward-looking information, including the risks
inherent to the mining industry, adverse economic and market developments and the risks identified in
Wolfden's continuous disclosure documents. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward-looking information. Al l
forward-looking information contained in this press release is given as of the date hereof and is based
upon the opinions and estimates of management and i nformation available to management as at the date
hereof. Wolfden disclaims any intention or obligation to update or revise any forward-looking informa tion,
whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Wolfden Resources Corporation
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For further information: Donald Hoy, President and CEO, Tel: (807)624-1131, Email:
[email protected], Web Site: www.wolfdenres ources.com
CO: Wolfden Resources Corporation
CNW 09:17e 02-JAN-18