CAPITAL MARKETS

Wolf gets cash buffer

STRUGGLING tungsten producer Wolf Minerals has established an equity facility with major shareholder Resource Capital Funds (RCF) to shore up its balance sheet during the ramp up of its processing plant at the Drakelands mine in England.

Michael Quinn
Wolf gets cash buffer

RCF will buy up to $A51 million worth of shares from Wolf at 19c per share, a 13% premium to the price the stock was trading at this week. The shares will be bought upon Wolf’s request at any time over...

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