Wolverine Minerals Corp. (TSXV:WLV) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on June 30, 2016. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.075 per share for a period of two years from closing, subject to acceleration in the event that the price per share is at least CAD 0.10 for at least 20 days. The transaction may include participation from insiders of the company. The company may pay finders’ fees in connection with the transaction, in accordance with the policies of TSX Venture Exchange. The securities being issued will be subject to a statutory hold period of four months and one day after closing. The transaction is subject to all regulatory approvals, including TSX Venture Exchange approval.