WOLFDEN COMPLETES ACQUISITION OF MINING CLAIMS IN THE BATHURST MINING CAMP

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bananaboy

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WOLFDEN COMPLETES ACQUISITION OF MINING CLAIMS IN THE BATHURST MINING CAMP

posted on Jan 06, 2014 11:38AM

Good time to get property, with base metal so out of favour with the money guys, so a nice price.

Wolfden Resources Corp. has closed the acquisition of mining claims in the Bathurst mining camp and surrounding area in northeastern New Brunswick, as previously announced on Nov. 20, 2013, and detailed in the Dec. 9, 2013, press release.

Wolfden acquired the property from 8100896 Canada Inc., a wholly owned subsidiary of GeoVenCap Inc. Pursuant to the terms of a definitive purchase agreement, Wolfden purchased all of the vendor's right, title and interest to and in the property for cash consideration of $125,000 and 571,428 common shares of Wolfden having a deemed value of $100,000. The consideration shares are subject to a four-month hold period under applicable securities laws in Canada.