Half Yearly Report
Summary
Wolf is focused on the development of the Hemerdon project ("Hemerdon" or "the Project") located in Devon, England. Key activities during the half year include:
· Wolf completes A$5 million placement to senior shareholders
· Construction of Hemerdon Link Road completed and road opened
· Key environmental approvals received
· Finance providers mandated to seek credit approval for £75 million in project funding
· Credit approval for senior debt funding of £75 million achieved
· Project funding package from RCF for US$82M announced
· $20.3M placement announced and successfully completed post period end
· Introduction of new strategic investor
· New UK head office established