Wolverine Minerals Corp. (TSXV:WLV) announced a non-brokered private placement of 1,500,000 units at a price of CAD 0.07 per unit for gross proceeds of CAD 105,000 on January 19, 2017. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.085 per share for a period of three years from closing. Insiders may participate in the transaction. The securities issued are subject to a hold period of four months and one day from the date of closing. The transaction is subject to regulatory approvals, including approval of the TSX Venture Exchange.