Silver Wolf Announces Completion of Shares For Debt Settlements

Vancouver, BC / ACCESSWIRE / June 28, 2024 - Silver Wolf Exploration Ltd. (TSX-V:SWLF)(OTCQB:SWLFF) has completed its shares for debt transaction with Oniva International Services Corp. and Avino Silver & Gold Mines Ltd. The transaction involves no management fees or salaries. Two principal creditors received 3,365,000 common shares at $0.20 per share in settlement of debts.

Post-settlement, Oniva and its joint actor, David Wolfin, hold 11,351,243 shares, approximately 24.70% of Silver Wolf’s total shares. An Early Warning Report was filed by Oniva on SEDAR. Acquired shares were for debt settlement only and future holdings may vary with market conditions.

Peter Latta, President of Silver Wolf, cited this transaction as a strategic advantage for maximizing resources at the Ana Maria project. The shares are subject to resale restrictions until October 27, 2024.