Pendragon Capital LLP

April 11, 2007 11:47 ET

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

LONDON, ENGLAND--(CCNMatthews - April 11, 2007) - Pendragon Capital LLP ("Pendragon") wishes to announce that on April 10, 2007, funds managed by Pendragon acquired 341,800 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 10, 2007, funds managed by Pendragon now own 6,376,600 common shares in the capital of Wolfden, representing approximately 7.19% 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

KAVEH SHEIBANI

Contact Information

  • Pendragon Capital LLP
    Kaveh Sheibani
    +44 020 907 8447