The company has a scheme where it can issue shares to pay fees, thus conserving cash
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%.
Price: 0.035 AUD
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Mining Capital's Alastair Ford discusses the collapse this week of Wolf Minerals Limited (LON:WLFE) (ASX:WLF). Ford says what really did it for Wolf was simply that the economics of production at Hemerdon never really stacked up. He adds that its major investor RCF will now be staring...
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