Wolf Minerals

A$183m Share Placement and A$2m SPP

May 2014

Wolf Minerals Limited (Wolf) is an ASX and AIM-listed specialty metals company focussed on the development of its 100%-owned Hemerdon Tungsten and Tin Project (Hemerdon) near the United Kingdom’s southwest town of Plymouth.

On 18 March 2014, Wolf announced a A$182.7 million share placement to new and existing investors and A$2.0 million Share Purchase Plan (SPP). The purpose of the raising was to complete the equity funding requirement for the construction of Hemerdon through to positive cash flows.

Azure acted as corporate adviser to Wolf on the transaction, which involved the coordination of four brokers across the UK and Australia. Azure also assisted in the company in negotiations with its two largest shareholders, Resource Capital Funds and Todd Corporation, who both had significant participation in the placement.