Company: WOLV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001062993-25-001810
Chunk: 10

Company: Wolverine Resources Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 10
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45,847. On September 10, 2024, the Company issued 2,040,000 shares of common stock, of which 2,000,000 shares were issued to a director of the Company and 40,000 shares were issued to an individual related to the director of the Company.
          (g) On August 31, 2024, the Company entered into settlement agreements with 10 third-party individuals to settle accounts payable of $48,168 (Cdn$65,000) by issuing an aggregate of 2,600,000 shares of common stock. Upon settlement, the Company recognized a loss on settlement of $58,432. On September 10, 2024, the Company issued 2,600,000 shares of common stock.
          Stock transactions during the six months ended November 30, 2023:
          (h) During the six months ended November 30, 2023, the Company recorded $69,416 (Cdn$95,000) in shares issuable for 3,800,000 shares of common stock at Cdn$0.025 per share. As at the date of these financial statements, the shares issuable have yet to be issued.
          (i) On September 6, 2023, the Company issued 9,810,000 shares of common stock to settle shares issuable of $185,290.
          (j) On September 6, 2023, the Company issued 140,000 shares of common stock to settle related parties payable of $2,637 (Cdn$3,500). On July 18, 2023 and August 10, 2023, a company controlled by the CEO of the Company assigned its outstanding receivables of $746 (Cdn$1,000) and $1,891 (Cdn$2,500), respectively, owed to it by the Company to two third-party individuals. Following this assignment, the Company entered into a Settlement Agreement with these two third-party individuals and agreed to settle the assigned amount by issuing an aggregate of 140,000 shares of its common stock. Upon settlement the Company recognized a loss on settlement of $543.
          At November 30, 2024 and 2023, the Company had no dilutive shares, or common stock equivalents.

        7. Subsequent Events
        Subsequent to November 30, 2024, the Company received proceeds of $31