Non-brokered offering funds planned merger with Timberline Resources
By Devika Patel
Knoxville, Tenn., March 13 - Wolfpack Gold Corp. said it plans a C$2.2 million non-brokered private placement of stock.
The company will sell 22 million common shares at C$0.10 per share. The price per share is a 9.09% discount to the March 12 closing share price of C$0.11.
Proceeds will be used for transaction costs of the company's planned merger with Timberline Resources Corp. and general working capital purposes.
The gold explorer is based in Reno, Nev.
| Issuer: | Wolfpack Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$2.2 million
|
| Shares: | 22 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | March 13
|
| Stock symbol: | TSX Venture: WFP
|
| Stock price: | C$0.11 at close March 12
|
| Market capitalization: | C$5.24 million
|
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