This is excellent news out today for Woulfe Mining and the Shareholders. The way I see this is IMC seems to have had a change of heart and is now willing to negotiate this deal in good faith. They see that the Woulfe Mining board of directors mean business. Not only did they extend the original $5 million dollar loan to Woulfe. They also advanced an additional $5 million to Woulfe to hold the company over while they complete their bank financing for $150 million dollars. This speaks volumes to me!
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