TSX-V-listed Wolfden Resources’ share price shot up 5% to C$0.18 apiece, following its announcement that Kinross Gold would take a 9.7% stake in the junior miner.
The subscription agreement entails a nonbrokered private placement of about 12.5-million common shares of Wolfden at a price of C$0.20 apiece for gross proceeds of C$2.5-million.