Wolverine Minerals Corp. announced that it expects to receive CAD 0.53 million in funding.

Wolverine Minerals Corp. (TSXV:WLV) announced a non-brokered private placement of 7,000,000 units at CAD 0.075 per unit for gross proceeds of CAD 525,000 on February 26, 2014. Each unit consists of one common share and one warrant.

Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.10 per share for a period of three years from the date of closing of the transaction. The transaction is subject to regulatory approval. The company may pay finder's fee in connection with the transaction.