WOLVERINE MINERALS CORP. ("WLV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 10, 2017
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an option agreement dated November 28, 2016 (the "Agreement"), between Wolverine Minerals Corp. (the "Company"), Almadex Minerals Limited and Minera Gavilan, S.A. de C.V. (collectively, the "Vendors"). Pursuant to the Agreement, the Company acquired the option to earn a 100% interest in the Los Venados property, Mexico (the "Property").
Consideration for the Property is as follows:
CASH SHARES EXPLORATION
EXPENDITURES
Closing $30,000 250,000 -
February 9, 2018 - 250,000 -
February 9, 2019 - 500,000 1,000m drilling (1)
February 9, 2020 - 1,000,000 $500,000
TOTAL $30,000 2,000,000 $500,000
(1) The requirement to complete a minimum of 1,000 metres of drilling on the Property is included in the minimum $500,000 of required expenditures.
The Property is subject to an aggregate 4% NSR.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated November 29, 2016 and February 9, 2017
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