Wolf Minerals Provides Quarterly Update on Hemerdon Project, Devon

Wolf Minerals Limited (ASX:WLF,AIM:WLFE) has provided an update on its Hemerdon project in Devon, UK for the three months ended March 31 2014. Highlights from the quarter included the completion of the A$182.7 funding requirement for the Hemerdon project, the commencement of construction by GR Engineering Services Ltd. on the project, and the awarding of the European Mining and Metals 2013 Mine Project Finance Deal of the Year to Wolf Minerals for its funding package for Hemerdon.

As quoted in the press release:

Under the Fundraise, 608,588,957 shares would be issued at a price of A$0.30 (16.3p) per share, which represented a 33% discount to the volume weighted average price for the 20 day period up to and including 11 March 2014 (the day immediately prior to the Company’s trading halt on the ASX for the Fundraise). The Company also advised that it would be undertaking a Share Purchase Plan (“SPP”) to raise up to A$2.0 million at the same issue price as the Fundraise.

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