WOLVERINE TECHNOLOGIES CORP. (OTCMKTS:WOLV) Files An 8-K Termination of a Material Definitive AgreementItem 1.02
On April 14, 2015 Wolverine entered into a Share Exchange and Royalty Agreement with ENIGMAMobil Inc. (“Enigma”) and Dr. David Chalk to which Wolverine was seeking to acquire from Dr. Chalk 25% of the issued and outstanding securities of Enigma for the purchase price of USD $3,000,000, to be paid by the issuance of 300,000,000 common shares of Wolverine at a deemed price of USD$0.01 per share. Dr. Chalk is a Director of Wolverine and Enigma.
The Share Exchange and Royalty Agreement may be terminated if the transaction does not close by December 31, 2017, unless extended by mutual agreement of the parties. On December 31, 2017 the parties agreed to let the Share Exchange & Royalty Agreement expire to enable Wolverine to focus on its indirect interest in Decision-Zone Inc. which Wolverine acquired through a Share Purchase Agreement with Dr. David Chalk, which was announced April 19, 2016. Wolverine will no longer be pursuing an interest in Enigma.
| Item 3.02 | Unregistered Sales of Equity Securities |
On February 14, 2018, we issued 33,200,000 shares of our common stock in a private placement at a purchase price of CDN $0.005 raising gross proceeds of CDN $166,000. We have issued all of the shares to twelve (12) non-US persons (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
On February 14, 2018, we issued 5,000,000 shares of our common stock in a private placement at a purchase price of USD $0.005 raising gross proceeds of USD $25,000. We have issued all of securities to two (2) U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933) relying upon Rule 506 of Regulation D of the Securities Act of 1933.
On February 14, 2018, we issued 33,700,000 shares of our common stock to debt settlement agreements with fifteen (15) individuals. The deemed price of the shares issued was CDN $0.005 per share. We have issued all of the shares to fifteen (15) non-US persons (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
On February 14, 2018, we issued 2,000,000 shares of our common stock to a debt settlement agreement with one (1) individual. The deemed price of the shares issued was USD $0.005 per share. We have issued all of the shares to one (1) non-US person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933.
Wolverine Technologies Corp. ExhibitEX-10.1 2 exhibit10-1.htm EXHIBIT 10.1 Wolverine Technologies Corp.: Exhibit 10.1 – Filed by newsfilecorp.com THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE “SUBSCRIPTION AGREEMENT”) RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933,…To view the full exhibit click here
About WOLVERINE TECHNOLOGIES CORP. (OTCMKTS:WOLV)
Wolverine Technologies Corp. (Wolverine), formerly Wolverine Exploration Inc., is an exploration-stage mining company. The Company is engaged in the identification, acquisition, and exploration of metals and minerals with a focus on base and precious metals. As of May 31, 2016, the Company has a mineral project, which is known as the Cache River Property. The Cache River Property is located approximately 120 kilometers west of Goose Bay, Labrador, which is a town on the Atlantic Coast of northern Canada. As of May 31, 2016, the Cache River Property consists of a total of six mineral claims held under a single License (13472M). The Company focuses on conducting exploration on its Labrador and Eureka Project Claims. As of May 31, 2016, the Company has not generated any revenue.