(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:As of 5 August 2011, the Fund beneficially owned 24,211,154 Shares and 8,820,621 Warrants representing approximately 11.92% of the issued and outstanding Shares on a partially diluted basis, assuming exercise of the Warrants by the Fund. (iii) the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership: Not applicable. (5) Name of the market in which the transaction or occurrence that gave rise to the news release took place: The transaction took place in the secondary market through 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: The consideration paid by the Fund was Cdn. $0.26 per Share. (6) 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 of Woulfe Mining were acquired by the Fund in the ordinary course of its business as an investment fund. The Shares were not acquired for the purpose of acquiring, changing or influencing the control of Woulfe Mining. The Fund may acquire or dispose of additional Shares or Warrants from time to time. (7) General nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities: Not applicable.