Wolverine Announces Private Placements to Fund Yukon Exploration
2011年5月5日 - 10:00PM
Marketwired
WOLVERINE MINERALS CORP. ("Wolverine" or the "Company") (TSX
VENTURE: WLV)(FRANKFURT: 4LP) is pleased to announce that it will
conduct a non-brokered private placement of up to 10 million units
at $0.55 per unit. Each unit will consist of one common share and
one-half of one share purchase warrant. Each whole share purchase
warrant will entitle the holder to acquire an additional common
share for $0.75 per share for a period of 12 months from closing.
The Company will also conduct a non-brokered flow-through
private placement of up to three million units at $0.65 per
flow-through unit. Each flow-through unit will consist of one
flow-through common share and one-half of one non flow-through
share purchase warrant. Each whole share purchase warrant will
entitle the holder to acquire an additional common share for $0.75
per share for a period of 12 months from closing.
The warrant, from both placements, will be subject to an
accelerated 30-day expiry provision in the event the Company's
common shares trade at $1.10 or greater for a period of 20
consecutive trading days after four months from closing.
Strategic Metals Ltd. has informed the Company that it will
exercise its right to participate in the financings in order to
maintain its 19.9 % equity interest in the Company.
Although the private placements will be non-brokered, the
Company may pay a finder's fee in accordance with the rules and
policies of the TSX Venture Exchange. The private placements remain
subject to the approval of the TSX Venture Exchange. All securities
issued pursuant to the private placements will be subject to a four
month hold period.
The proceeds from the above financings will be used to fund the
Company's planned $5 million exploration programs in the Dawson
Range and the Finlayson Districts in the Yukon (see news release
dated April 28, 2011) and general working capital.
WOLVERINE MINERALS CORP.
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.
Contacts: Wolverine Minerals Corp. Thomas A. Doyle (604)
689-5722 Wolverine Minerals Corp. Logan Anderson (604) 689-5722
(604) 685-9182 (FAX) info@wolverineminerals.ca
www.wolverineminerals.ca
Wolverine Minerals Corp. (TSXV:WLV)
過去 株価チャート
から 5 2024 まで 6 2024
Wolverine Minerals Corp. (TSXV:WLV)
過去 株価チャート
から 6 2023 まで 6 2024
Real-Time news about Wolverine Minerals Corp. (トロントベンチャー取引所): 0 recent articles
その他のWolverine Minerals Corp.ニュース記事