NEW YORK — Woulfe Mining Corp. is offering up to Canadian $10 million ($10.02 million) in convertible unsecured subordinated debentures as it looks to repay short-term debt and fund general corporate purposes.
The Vancouver, British Columbia-based miner said it has engaged Dundee Securities Ltd. as the agent for the offering, which is subject to normal regulatory approvals.
In other news, Woulfe has announced the appointment of Ned Goodman, president and chief executive officer of both Dundee Corp. and Goodman Investment Counsel Inc., to its board of directors.
Woulfe’s Sangdong tungsten and molybdenum project in South Korea is expected to start up in March (amm.com, Sept. 20).