Mr. Kris Kottmeier reports
WOLFEYE RESOURCE CORP.
CANCELS PRIVATE PLACEMENT
Wolfeye Resource Corp. has cancelled the proposed previously announced private placement.
The company is pleased to announce that the company proposes to undertake a private
placement of up to 20 million units at a price of five cents per unit
for gross proceeds of $1-million if the offering is fully subscribed. Each unit shall be
composed of one common share and one share purchase warrant. Every
warrant shall be exerciseable into a common share at any time up to the
close of business on the fifth anniversary of the date of issuance of the warrants at a price of
seven cents per warrant share. The proceeds raised from the offering will be used for general working
capital. The offering is subject to the approval of the TSX Venture Exchange.
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