Wolfden Resources Corporation (TSXV:WLF) announced a non-brokered private placement of up to 3,500,000 flow-through units at a price of CAD 0.135 per unit for gross proceeds of up to CAD 472,500 on January 9, 2017. Each flow-through unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.15 per share for a period of 24 months from the date of the closing. The securities issued are subject to a hold period of four months and one day from the date of closing. Closing of the transaction is anticipated to occur on or about January 17, 2017. The transaction is subject to acceptance by the TSX Venture Exchange and other customary conditions for a transaction of this nature.