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Wolf Minerals issues shares in lieu of fees

The company has a scheme where it can issue shares to pay fees, thus conserving cash

Australian dollars
The new shares were issued at 8.29 cents, or around 5p a pop

Wolf Minerals Limited (LON:WLFE, ASX:WLF) has issued just over half a million shares in lieu of fees.

In all, 506,638 shares were issued in line with a company plan that allows it conserve cash by issuing shares to directors.

The assumed value of the shares issued was 8.29 cents.

Following the latest share issues, John Hopkins owns 0.08% of the company; Ronnie Beevor 0.06%; Don Newport and Nicholas Clarke each own 0.03%.

Quick facts: Wolf Minerals Limited

Price: 0.035 AUD

ASX:WLF
Market: ASX
Market Cap: $38.18 m
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