Woulfe Mining Correction to Funding on Track
08 June 2012 - 10:30PM
Marketwired Canada
Woulfe Mining Corp. (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) would like to
correct an error in their June 7th press release.
The correct paragraph is -
The Company is working to make up the time lost by changing the design of the
mine access, expanding the existing access to 5x5 will save money and time to
get to production. The access tunnel will begin in early July 2012. At the same
time we will purchase the land from the county which will enable the
construction to commence.
Brian Wesson, CEO and President of Woulfe Mining, added, "We appreciate the
understanding and support we have received from our shareholders as we move to
de-risk the Company and build, what will be the world's largest producing
tungsten mine. We will be able to push forward with the Sangdong access tunnel
and land purchase next month after we receive the funds from the convertible
debenture."
To view the original press release please visit the following link:
http://www.marketwire.com/press-release/woulfe-mining-funding-on-track-tsx-venture-wof-1666578.htm.
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp.
In partnership with IMC, Woulfe is developing the Sangdong tungsten-molybdenum
mine which was historically, one of the largest tungsten mines in the world and
one of the few long life, high grade tungsten deposits outside of China. The
Company has assembled a highly skilled, in-country, bilingual technical team and
a board of directors with an outstanding track record of success.
Woulfe Mining Corp. is a TSX-V listed company.
Forward-looking statements and forward-looking information by their nature are
based on assumptions and involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information. We have made certain assumptions about the forward-looking
statements and information and even though our management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Furthermore, should one or
more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements or information. These risks,
uncertainties and other factors include, among others, the following: commodity
price volatility; discrepancies between actual and estimated production, mineral
reserves and resources and metallurgical recoveries; mining operational and
development risk; litigation risks; regulatory restrictions, including
environmental regulatory restrictions and liability; failure to complete the
strategic arrangement described in this release, including because of the
failure to satisfy the conditions to closing of the transaction, risks of
sovereign investment; currency fluctuations; speculative nature of mineral
exploration; global economic climate; dilution; share price volatility;
competition; loss of key employees; additional funding requirements.
There can be no assurance that forward-looking statements or information will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, you should
not place undue reliance on the forward-looking statements or information
contained herein. Except as required by law, we do not expect to update
forward-looking statements and information continually as conditions change and
you are referred to the full discussion of the Company's business contained in
the Company's reports filed with the appropriate regulatory authorities.
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