(ii) the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor:
the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership:
December 19, 2009
, Colonial First State exercised control or direction over 27,500,000 Shares and 13,750,000 Warrants representing approximately 20.87% of the issued and outstanding Shares on a partially diluted basis, assuming exercise of the Warrants by Colonial First State.
Name of the market in which the transaction or occurrence that gave rise to the news release took place:
The transaction took place by private agreement outside of the facilities of the TSX-Venture Exchange.
(5.1) The value, in Canadian dollars, of any consideration offered per security if the offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release:
Purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer:
The Shares and Warrants of Woulfe Mining were acquired by Colonial First State in the ordinary course of their businesses as portfolio managers on behalf of investment funds in respect of which they have been granted discretionary investment management authority. The Shares and Warrants were not acquired for the purpose of acquiring, changing or influencing the control of Woulfe Mining. Colonial First State may acquire or dispose of additional Shares or Warrants from time to time.