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Talks on funding ongoing, says Wolf Minerals

Wolf expects to conclude discussions with stakeholders this week

1539073050_Wolf---Drakelands.jpg
The Wolf tungsten production facility at Drakelands

Wolf Minerals LTD (ASX:WLF)(LON:WLFE) is continuing discussions with what it calls its “key financial stakeholders” and expects to conclude those discussions this week.

The aim is to provide a longer-term funding solution ahead of the expiry of a standstill period on its existing debt, due on 28 October 2018.

READ: Turnaround plan at Wolf Minerals proceeding apace

However, Wolf also cautioned that should it not be able successfully to conclude its discussions with its stakeholders within the next two days, it will not be in a position to meet its short-term working capital requirements after that point in time.

Wolf’s shares remain suspended from trading on ASX, pending the release of annual financial statements. 

 

 

 

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Price: 0.035 AUD

ASX:WLF
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Market Cap: $38.18 m
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