Wolverine Announces Closing of Non-Brokered Private Placement
Suite 1085, 555 Burrard Street Tel: 604-689-5722
PO Box 201 Fax: 604-685-9182
Vancouver, BC, Canada, V7X 1M8
News Release Page 1
Frankfurt Symbol: 4LP
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
January 31, 2017 TSX.V Symbol: WLV
Frankfurt Symbol: 4LPP
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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 clos ed a non-brokered priv ate 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 additio nal Share of the Company at a price of $0.085 per Share for a
period of three years from closing of the Financ ing. The proceeds of the Financing will be used
for working capital.
All securities issued in connection with the Fi nancing 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 un der 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 offe r to sell or a solicitation of an offer to buy nor
shall there be any sale of the securities in any st ate 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 TA D, 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 co nditions 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 o f M I 6 1 - 1 0 1 b y v i r t u e o f t h e e x e m p t i o n
. News Release Page 2
contained in section 5.5(b) as the Company’s shares are not listed on a specified market and
from the minority shareholder a pproval 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: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Prov ider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.