WOLVERINE MINERALS CORP. ("WLV")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: May 26, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 10, 2015:
Convertible Debenture $174,000
Conversion Price: The Debentures are convertible into common units at $0.05 per share. Each unit comprises of one common share and one non-transferable warrant. Each warrant is convertible into a common share at an exercise price of $0.05 per share for a period of three years.
Maturity date: One year from issuance
Warrants Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.05 per share.
Interest rate: 10% per annum
Number of Placees: 6 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P $ of Debentures
Thomas Doyle Y $120,000
Logan Anderson Y $30,000
Malcolm Clay Y $10,000
Gregory Burnett Y $4,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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