Wolfden Announces Grant of Options
Wolfden Announces Grant of Options
THUNDER BAY, ON, July 11, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) (the "Company"
or "Wolfden") announces that it has granted a total of 2,440,000 options to purchase common shares of
the Company to certain directors, officers, employees and consultants pursuant to the Company's Share
Incentive Plan. Such options have an exercise price of $0.30 per common share and expire on July 11,
2023. The grant of options is subject to regulatory approval. The grant in part relates to the Company's
annual review of compensation as well as the recent appointment of a new President and CEO and the
election of three new directors.
About Wolfden
Wolfden is a Canadian exploration and development company focused on advancing its wholly owned
high-grade (Zn, Pb, Cu, Ag) VMS Pickett Mountain Project in Maine, USA. Located close to excellent
infrastructure, the company plans to complete sufficient exploration, definition drilling and various
technical studies in order to demonstrate the economic potential for an underground mining scenario on
the Project.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain information that may constitute forward-looking information or forward-
looking statements under applicable Canadian and United States securities legislation (collectively,
"forward-looking information"), including but not limited to information about future drilling activities at the
Pickett Mountain Project; the timing and completion of an anticipated mineral resource estimate and
technical studies at the Pickett Mountain Project; and the scope of and the anticipated effect of new
mining legislation in Maine. This forward-looking information entails various risks and uncertainties that
are based on current expectations and actual results may differ materially from those contained in such
information. These uncertainties and risks include, but are not limited to, the strength of the global
economy; the price of base metals and minerals generally; operational, funding and liquidity risks; the
degree to which mineral resource estimates are reflective of actual mineral resources; the degree to
which factors which would make an underground mineral deposit commercially viable are present; the
risks and hazards associated with mineral exploration and mining operations; and the ability of Wolfden to
fund its substantial capital requirements and operations. Risks and uncertainties about the Company's
business are more fully discussed in the Company's disclosure materials filed with the securities
regulatory authorities in Canada available at www.sedar.com. Readers are urged to read these materials.
Wolfden assumes no obligation to update any forward-looking information or to update the reasons why
actual results could differ from such information unless required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Wolfden Resources Corporation
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%SEDAR: 00033002E
For further information: please contact Ron Little, President and CEO, at (613) 862-3699
CO: Wolfden Resources Corporation
CNW 14:52e 11-JUL-18