Wolfden Resources Corporation announced a non-brokered private placement of up to 12,272,728 common shares at a price of CAD 0.22 per common share for gross proceeds of up to CAD 2,700,000 on November 28, 2022. All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is expected to close in multiple tranches.

The transaction will include participation from certain insiders of the company. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The transaction is expected to close on or around December 30, 2022.