Woulfe Mining Corp.(TSXV:WOF) announced the completion of a brokered private placement with Dundee Securities Ltd. for gross proceeds of $4,230,000. Woulfe also announced completing a non-brokered private offering for proceeds of $1,000,000.
As quoted in the press release:
Dundee received a cash commission of $211,500 representing 5.0% of the gross proceeds from the sale of the Units forming the Brokered Offering and an aggregate of 1,057,500 warrants (“Agent’s Warrants”) equal to 5.0% of the number of Units issued in the Brokered Offering. Each Agent’s Warrant will entitle the holder, on exercise, to purchase one Unit of the Company at a price of $0.20 per Unit until August 31, 2014.