Pendragon Capital LLP

April 10, 2007 13:37 ET

Funds Managed by Pendragon Capital LLP Acquire Securities of Wolfden Resources Inc.

LONDON, ENGLAND--(CCNMatthews - April 10, 2007) - Pendragon Capital LLP ("Pendragon") wishes to announce that on April 5, 2007, funds managed by Pendragon acquired 2,721,500 common shares in the capital of Wolfden Resources Inc. ("Wolfden") through the facilities of the Toronto Stock Exchange. Following the acquisition of shares on April 5, 2007, funds managed by Pendragon now own 5,759,700 common shares in the capital of Wolfden, representing approximately 6.50% of Wolfden's issued and outstanding common shares.

The acquisition of Wolfden common shares was for investment purposes, and the funds managed by Pendragon may acquire additional Wolfden securities in the future.

PENDRAGON CAPITAL LLP

JOHN PENNELLS

Contact Information

  • Pendragon Capital LLP
    John Pennells
    020 7479 4245