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Sep 20, 2012
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IMC completes due diligence and moves toward closing
strategic transaction with Woulfe
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September 20th, 2012 - Vancouver, Canada -Woulfe Mining
Corp. ("Woulfe" or the "Company")
(TSX VENTURE:WOF) (OTCQX:WFEMF) (FRANKFURT:OZ4)
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Today, Woulfe Mining received confirmation from
International Metal Working Company ("IMC")
that IMC is satisfied with the results of its due
diligence of the Sangdong project, as required by the
transaction agreement executed on February 26, 2012 (the
"Transaction Agreements"), and will be working
toward closing its investment in the Sangdong project,
subject to the remaining conditions to the transactions.
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Brian Wesson CEO and President commented; "The
successful completion of due diligence marks an important
milestone in the development of the Sangdong project. We
look forward to working with IMC towards the completion
of the transactions contemplated by the Transaction
Agreements."
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On Behalf of the Board of Directors
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Woulfe Mining Corp.
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"Brian Wesson"
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Brian Wesson (FAusIMM),
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President, CEO and Director
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About Woulfe Mining Corp "Unearthing Global
Assets"
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Woulfe Mining Corp is focused on 'Unearthing Global
Assets' through the recognition and development of
undervalued natural resource projects. Woulfe
differentiates itself by boasting significant technical
expertise in the design, development and operation of
mining projects.
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Our flag ship project is the Sangdong tungsten mine in
South Korea, historically the world's largest
tungsten mine for over 40 years. Sangdong is expected to
return to production by Q4 of 2013. Woulfe has entered
into strategic agreements with International Metalworking
Companies B.V. ('IMC'). This partnership brings
strategic advantage given Woulfe's mining and
processing technical abilities and IMC's downstream
manufacturing skills, high level of innovation and
quality of products sold into the global tungsten market.
Woulfe Mining Corp. is a TSX-V listed company. Further
information can be found on Woulfe's website
| www.woulfemining.com |
or on
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For more information, please contact --
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Nicola Street Capital
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Nick Smith
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Mobile phone
| +1 (415) 595-0865 |
or
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Woulfe Mining Corp.
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Administration Office
| +1 604 684 6264 |
www.woulfemining.com |
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release. |
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. |
WOULFE MINING CORP. 
By 
