Wolfden Resources (WLFFF) Quote – Press Release

As of the date hereof, there are 19,222,857 AmAuCu Shares outstanding. The following persons own, control or direct 10% or more of the outstanding AmAuCu Shares:

Name Number of AmAuCu Shares Percentage of Outstanding AmAuCu Shares
Ocean Partners Investments Limited5,920,00030.80%
OMF Fund II (Be) Ltd.2,840,00014.77%
RCF Opportunities L.L.C.2,840,00014.77%
Mario Stifano2,650,00013.79%
Ewan Downie2,100,00010.92%

Summary of Financial Information

A summary of certain financial information for AmAuCu, as well as AmAuCu’s recently acquired wholly-owned subsidiary, CBAY Minerals Inc., disclosed in accordance with Exchange policies, is included in the tables below:

AmAuCu Mining Corporation Three months ended
March 31, 2019
(Unaudited)
Year ended
December 31, 2018
(Audited)
Year ended
December 31, 2017
(Audited)
($)($)($)
Operations
Exploration and evaluation174,6642,968,2542,707,691
Consulting50,001341,217178,907
General and administrative123,597245,58579,487
Share-based compensation54,689201,425118,294
Loss from operations for the period(430,119)(3,756,481)(3,084,379)
Balance Sheet
Total assets279,715196,9071,811,735
Total liabilities1,286,306828,068472,840
Total equity(1,006,591)(631,161)1,338,895
CBAY Minerals Inc. Nine months ended
March 31, 2019
(Unaudited)
Year ended
June 30, 2018
(Audited)
Year ended
June 30, 2017
(Audited)
($)($)($)
Operations
Exploration and evaluation1,908103,011946,671
General and administrative48,250116,032573,285
Loss from operations for the period(50,158)(219,043)(1,519,956)
Balance Sheet
Total assets114,747116,565428,102
Total liabilities109,97661,535114,129
Total equity4,77154,930313,973

Further financial information will be included in the filing statement to be prepared in connection with the Qualifying Transaction.

Terms of the Proposed Qualifying Transaction

Pursuant to the Amalgamation, among other things, (i) holders of AmAuCu Shares will receive one post-Consolidation ChaiNode Share for each one AmAuCu Share held immediately prior to the Amalgamation (the ” Exchange Ratio “); and (ii) holders of options and warrants to purchase AmAuCu Shares will receive from ChaiNode, options or warrants, as applicable, to purchase the same number of post-Consolidation ChaiNode Shares at the same exercise price per share as previously provided for in the former AmAuCu securities, reflecting the Exchange Ratio.

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