Wolfden Resources Completes First Tranche of Private Placement

Wolfden Resources Corporation has announced the closure of the first tranche of its non-brokered private placement, securing $1.9 million in gross proceeds. A second tranche, expected to raise an additional $100,000, is planned to close around August 8, 2025. The first tranche involved the issuance of 23,750,000 units at $0.08 each, consisting of one common share and a half warrant. Each warrant enables the holder to purchase one common share at $0.12 with a 24-month validity.

The proceeds are earmarked for advancing the Rockland Gold Project in Nevada and supporting corporate activities. The offering awaits TSX Venture Exchange approval, while all related securities will observe a four-month lock-up as per Canadian laws. Some investments were identified as related-party transactions but are exempt from certain valuations due to their financial scale.