Mr. Thomas Doyle reports
WOLVERINE ANNOUNCES PRIVATE PLACEMENT
Wolverine Minerals Corp., subject to regulatory approval, has arranged a non-brokered private placement financing of up to 1.5 million units at a price of seven cents per unit for gross proceeds of up to $105,000. Each unit consists of one common share of the company and one share purchase warrant. One warrant entitles the holder thereof to purchase one additional share of the company at a price of 8.5 cents per share for a period of three years from closing of the financing. Insiders may participate in the financing.
All securities issued in connection with the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.
The proceeds of the financing will be used for working capital.
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