Wolverine Clarifies Terms of Proposed Financing
17 September 2010 - 12:38AM
Marketwired
Further to its press release of this morning, Wolverine Minerals
Corp. (TSX VENTURE: WLV) ("Wolverine" or the "Company") wishes to
clarify the terms of its proposed private placement to be
undertaken in connection with its entry into an agreement with
Strategic Metals Ltd. (TSX VENTURE: SMD) ("Strategic") whereby
Strategic has agreed to grant Wolverine the right to earn a 100%
interest in 21 of Strategic's Yukon gold prospects.
This morning's press release announced that the Company has
arranged a private placement of $2,000,000, consisting of 5,000,000
flow-through shares at $0.20 per share and 5,000,000 units at $0.20
per unit, with each unit consisting of one share and one warrant.
In fact, each unit will be comprised of one share and one half
warrant, with each whole warrant entitling the holder to purchase
one additional share at $0.35 per share for 18 months.
As stated previously, completion of the private placement will
be subject to the approval of the TSX Venture Exchange.
WOLVERINE MINERALS CORP.
Thomas A. Doyle, President & CEO
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.
Contacts: Wolverine Minerals Corp. Thomas A. Doyle President
& CEO (604) 689- 5722 Wolverine Minerals Corp. Logan Anderson
(604) 689- 5722 (604) 685-9182 (FAX) info@wolverineminerals.ca
www.wolverineminerals.ca
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