Wolverine Minerals Corp.

Wolverine Minerals Corp.

September 16, 2010 18:38 ET

Wolverine Clarifies Terms of Proposed Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2010) - Further to its press release of this morning, Wolverine Minerals Corp. (TSX VENTURE:WLV) ("Wolverine" or the "Company") wishes to clarify the terms of its proposed private placement to be undertaken in connection with its entry into an agreement with Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") whereby Strategic has agreed to grant Wolverine the right to earn a 100% interest in 21 of Strategic's Yukon gold prospects.

This morning's press release announced that the Company has arranged a private placement of $2,000,000, consisting of 5,000,000 flow-through shares at $0.20 per share and 5,000,000 units at $0.20 per unit, with each unit consisting of one share and one warrant. In fact, each unit will be comprised of one share and one half warrant, with each whole warrant entitling the holder to purchase one additional share at $0.35 per share for 18 months. 

As stated previously, completion of the private placement will be subject to the approval of the TSX Venture Exchange.


Thomas A. Doyle, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information