Wolverine Minerals Corp. (TSXV:WLV) announced a non-brokered private placement of up to 7,000,000 units at CAD 0.05 per unit for gross proceeds of up to CAD 350,000 on May 16, 2013. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share of the company at a price of CAD 0.10 per share for a period of three years.

On June 17, 2013, the TSX Venture Exchange accepted for filing documents with respect to the transaction. The transaction will include participation from 12 placees including, TAD Financial Corp., an entity managed by T. Doyle for 2,000,000 units, Thomas Doyle; President and Chief Executive Officer of the company for 500,000 units, Greg Burnett for 1,100,000 units, Logan Anderson for 900,000 units, Douglas Beachflower for 300,000 units, and Malcolm Clay for 200,000 units.

On June 18, 2013, Wolverine Minerals Corp. closed the transaction. The warrants issued will mature on June 18, 2016. Insiders of the company subscribed for an aggregate of 5,000,000 units in the transaction.