Wolfden Resources Completes Private Placement to Fund Rockland Project

Wolfden Resources Corporation has announced the conclusion of the second and final tranche of its non-brokered private placement of units. In this final tranche, Wolfden sold 1,250,000 units at $0.08 each, raising an additional $100,000, thus bringing the total fundraising to approximately $2 million from 25,000,000 units. Each unit comprised one common share and one-half of a common share purchase warrant, allowing the purchase of additional shares at $0.12 within 24 months.

The proceeds are primarily earmarked for the development of the Rockland Gold Project in Nevada, along with other corporate purposes. This funding also supports an earn-in agreement with Evergold Corp. for up to a 75% interest in the Rockland Property. The transaction awaits final approval from the TSX Venture Exchange. Some proceedings qualify as related party transactions but meet exemption criteria under applicable regulations.