Vancouver, British Columbia–(Newsfile Corp. – March 6, 2018) – Wolverine Technologies Corp. (OTC Pink: WOLV) (“Wolverine”) wishes to announce an offering of up to 100,000,000 common shares at price of $0.005 per share for proceeds of $500,000.
On February 14, 2018 Wolverine closed a first tranche of the private placement of 38,200,000 common shares at a price of $0.005 for proceeds of $191,000. An additional 11,600,000 common shares have been subscribed for proceeds of $58,000 since the closing of the first tranche of the private placement.
The proceeds from the private placement are being used for general working capital.
Wolverine has also settled debt in the amount of $178,500 in exchange for the issuance of 35,700,000 common shares at a deemed price of $0.005 per share.
Wolverine has updated its website to include information regarding the dzAudit technology which is owned by Decision-Zone Inc. (“DZI”) (see link below).
Wolverine holds an indirect 5% interest in DZI through its Share Purchase Agreement with Mr. David Chalk as described in Wolverine’s news release dated April 19, 2016 (see link below).
On Behalf of the Board
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Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with technology development and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.