|Mon Dec 11, 2017|
Wolverine Announces Closing Of Private Placement
|WOLVERINE MINERALS CORP. (the "Company") announces that, further to its News Release of December 8, 2017, it has closed a non-brokered private placement financing (the "Financing") of 5,000,000 units (each, a "Unit") at a price of $0.075 per Unit for gross proceeds of $375,000. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.10 per Share in the first year following the closing date (the "Closing") and at a price of $0.125 per Share in the second year following the Closing until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is two (2) years following the Closing.|
The proceeds of the Financing will be used for working capital.
All securities issued in connection with the Financing are subject to a statutory hold period expiring four months and one day after issuance of the securities.
WOLVERINE MINERALS CORP.
Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO
For further information, please contact:
Thomas A. Doyle or Logan Anderson
Phone: (604) 689- 5722
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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