WOLVERINE MINERALS CORP. : http://www.wolverineminerals.ca/ : QwikReport

News Releases

#Wed Feb 8, 2017
Wolverine Announces Closing Of Option Agreement With Almadex Minerals

 WOLVERINE MINERALS CORP. -- (the "Company") announces today, that further to its news release of November 29, 2016, the TSX Venture Exchange has approved and the Company has closed the option agreement dated November 28, 2016 (the "Option Agreement") with Almadex Minerals Limited ("Almadex") regarding the Los Venados property in Sonora State, Mexico (the "Property").

Almadex, through its subsidiary, granted an option to the Company to acquire a 100% interest in the Property (the "Option") on the terms and conditions of the Option Agreement. The terms of the Option Agreement are set out in the Company's News Release dated November 29, 2016. The Company has issued 250,000 common shares to Almadex on closing of the Option Agreement which Shares are subject to a four month hold period expiring June 9, 2017.

On January 24, 2017, the Company filed a geological report regarding the Property which can be found under the Company's SEDAR profile at www.sedar.com.

The Los Venados property is immediately adjacent to the producing Mulatos and La India gold mines. Alteration mapping and geochemical sampling indicate that the property covers a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects.

The Los Venados property has signed surface access agreements in place and has received full SEMARNAT (Ministry of Environment and Natural Resources) approval for 12 drill pad locations.

WOLVERINE MINERALS CORP.

Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

www.wolverineminerals.ca

For further information, please contact:
Thomas A. Doyle
Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca


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.
 
#Tue Jan 31, 2017
Wolverine Announces Closing of Non-Brokered Private Placement

 WOLVERINE MINERALS CORP. - (the "Company") announces today, that further to its news release of January 19, 2017, it has closed a non-brokered private placement financing (the "Financing") of 1,500,000 units (each, a "Unit") at a price of $0.07 per Unit for gross proceeds of $105,000. 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 $0.085 per Share for a period of three years from closing of the Financing. 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 closing of the Financing. None of the securities issued in connection with the financing will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Pursuant to Part 3.1 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, on January 31, 2017, the Company's President and Chief Executive Officer, Thomas Doyle, acquired 421,429 Units in the Financing. Prior to the Financing, Mr. Doyle owned 9,385,250 Shares directly, 2,541,150 Shares indirectly through TAD Financial Corp. ("TAD"), 20,000 stock options, 2,800,000 Warrants directly and 335,000 Warrants indirectly through TAD (representing 46.4% of the issued and outstanding Shares on a partially diluted basis). Upon completion of the Financing, Mr. Doyle owned 9,806,679 Shares directly, 2,541,150 Shares indirectly through TAD, 20,000 stock options and 3,221,429 Warrants directly, 335,000 Warrants indirectly through TAD (representing 46.2% of the issued and outstanding Shares on a partially diluted basis). Mr. Doyle acquired the Shares for investment purposes. Depending on economy or market conditions or matters relating to the Company, Mr. Doyle may choose to either acquire or dispose of securities of the Company.

Thomas Doyle is considered to be a "related party" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and the issuance was considered to be a "related party transaction" within the meaning of MI 61-101 but was exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the Shares issued to each related party did not exceed 25% of the Company's market capitalization.

WOLVERINE MINERALS CORP.

Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

www.wolverineminerals.ca

For further information, please contact:
Thomas A. Doyle
Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca


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.
 
#Thu Jan 19, 2017
Wolverine Announces Private Placement

 WOLVERINE MINERALS CORP. - (the "Company") announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the "Financing") of up to 1,500,000 units (each, a "Unit") at a price of $0.07 per Unit for gross proceeds of up to $105,000. 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 $0.085 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.

WOLVERINE MINERALS CORP.

Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

www.wolverineminerals.ca

For further information, please contact:
Thomas A. Doyle
Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca


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.

View News Release in PDF Format:
File: http://www.wolverineminerals.ca/i/pdf/nr/2017-01-19-nr-wlv.pdf
 151 KB, approx. 29 seconds at 56.6Kbps
 
#Tue Nov 29, 2016
Wolverine Minerals Options Los Venados Property from Almadex Minerals

 Wolverine Minerals Corp. ("Wolverine" or the "Company") (TSX-V: WLV) is pleased to announce that it has signed a definitive option agreement, dated November 28, 2016 (the "Option Agreement") to option 100% of the Los Venados property in Sonora State, Mexico from Almadex Minerals Limited ("Almadex"). The Los Venados property is immediately adjacent to the producing Mulatos and La India gold mines. Alteration mapping and geochemical sampling indicate that the property covers a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects.

Los Venados lies within the developing Mulatos gold mining district in which Alamos Gold Inc. ("Alamos") and Agnico Eagle Mines Limited ("Agnico") operate the Mulatos and La India gold mines. The approximately 1,500 hectare Los Venados property adjoins Alamos' claims to the south, south east and Agnico's claims to the west and covers an area with very similar high sulphidation epithermal alteration.

Field work on the property by Almadex personnel commenced in December 2015 and consisted of reconnaissance geological mapping, geochemical rock and soil sampling and completion of 8.6 liine-kilometre Induced Polarization ("IP") geophysical survey. A total of 229 soil samples have been collected.

Almadex has also signed surface access agreements (Ejidos) and has received full SEMARNAT (Ministry of Environment and Natural Resources) approval for 12 drill pad locations.

A further field program is currently underway, consisting of infill IP, geochemical rock and soil sampling, and geological field mapping to further define drill targets.

Under the terms of the Option Agreement, which is subject to approval by the TSX Venture Exchange (the "TSX-V"), and in order to earn its 100% interest in Almadex's interest in the property, Wolverine will:
  • assume all obligations of Almadex to the underlying optionor of the Los Venados property (the "Underlying Optionor")(as detailed in Almadex's news release of October 7, 2015), with the exception of the issuance of Almadex shares which remains an obligation of Almadex;
  • pay CAD$30,000 on execution of the Option Agreement for expenditures on the property;
  • issue 250,000 common shares within 10 days of receipt of approval of the TSX-V (the "Approval Date");
  • issue 250,000 common shares on or before the first anniversary of the Approval Date;
  • issue 500,000 common shares on or before the second anniversary of the Approval Date; and
  • issue 1,000,000 common shares on or before the third anniversary of the Approval Date.
In addition, Wolverine has agreed to drill a minimum 1,000 meters by the second anniversary of the Approval Date, as part of the total required project expenditures of a minimum of US$500,000, which must be incurred on or before the third anniversary of the Approval Date.

If Wolverine exercises the option, it has agreed to grant to Almadex a 2.0% net smelter returns royalty (the "NSR Royalty") with respect to production of all precious metals from the property. The NSR Royalty will be payable following commencement of commercial production on the property. The property is also subject to an underlying 2.0% net smelter returns royalty to the Underlying Optionor (the "Underlying Royalty"), which Underlying Royalty may be purchased by Wolverine for CAD$1.0 million. If Wolverine purchases the Underlying Royalty, then any payments under the NSR Royalty will be deferred until Wolverine has recovered at least CAD$1.0 million from operation of the property.

Doug Blanchflower, P.Geo., a director of the Company, is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") and has reviewed and approved the contents of this news release.

WOLVERINE MINERALS CORP.

Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

www.wolverineminerals.ca

For further information, please contact:
Thomas A. Doyle
Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca


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.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include the statement that the property covers a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements.

Since there has been insufficient exploration on the property, there is no guarantee that the property will contain a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects or any economic mineralization system.

Undue reliance should not be placed on the forward looking statements contained in this news release and no assurance can be given that any mineralization system exists or will be discovered on the property.


To view the news release in PDF format:
File: http://www.wolverineminerals.ca/i/pdf/nr/2016-11-29_NR.pdf
 165 KB, approx. 32 seconds at 56.6Kbps
 
#Tue Aug 5, 2014
Wolverine Announces Closing Of Acquisition Of Interest In Colombia Gold Properties From Tolima Gold

 
Also Announces Filing of Technical Report

WOLVERINE MINERALS CORP. (the "Company") is pleased to announce that, further to its news releases of December 4, 2013 and July 16, 2014, it has completed the acquisition of a 100% interest in Remedios Gold Holdings S.A. ("Remedios Gold") from Herbo Assets S.A. ("Herbo") in exchange for total consideration of $700,000. Remedios Gold and Herbo are subsidiaries of Tolima Gold Inc. (TSXV: TOM). Remedios Gold, through its wholly owned subsidiary, Remedios Gold S.A.S., holds five mining concessions (collectively, the "Properties"), which are located in the Remedios and Segovia municipalities of Antioquia, Colombia.

The Company also announces that it has filed a National Instrument 43-101 ("NI 43-101") compliant technical report with respect to the Properties entitled, "Technical Report on the Remedios Project", written by James A. McCrea, P.Geo., having an effective date of May 15, 2014 and dated July 9, 2014, on SEDAR under the Company's profile at www.sedar.com. Mr. McCrea is a "Qualified Person" as defined in NI 43-101 and is independent of the Company.

WOLVERINE MINERALS CORP.

Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO

www.wolverineminerals.ca

For further information, please contact:
Thomas A. Doyle
Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca


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.


To view the news release in PDF format:
File: http://www.wolverineminerals.ca/i/pdf/nr/2014-08-05_NR.pdf
 112 KB, approx. 22 seconds at 56.6Kbps
 

Copyright © 2017 by Wolverine Minerals Corp.   All rights reserved worldwide.
For more information, send questions and comments to
This page was created on Mon Apr 24, 2017 at 9:47:37 PM Pacific Time.