Wolverine Minerals Corp. announced that it has received CAD 0.53 million in funding.
On April 15, 2014, Wolverine Minerals Corp. closed the transaction. The warrants issued will expire on April 15, 2017. Insiders of the company purchased an aggregate of 3,302,000 units. The company did not pay any finder's fees as part of the transaction. The securities issued are subject to a restricted period that expires on August 16, 2014. The transaction included participation from 12 placees. As part of the transaction, T. Doyle from TAD Financial Corp subscribed for 1,675,000 shares, Logan Anderson, Chief Financial Officer, subscribed for 407,000 shares, Douglas Blanchflower subscribed for 200,000 shares, Malcolm Clay subscribed for 650,000 shares, and one professional group subscribed for 1,000,000 shares. The transaction included participation from two investors. The company issued securities pursuant to exemption provided under Regulation D.