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.

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.