Company: WOLV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001062993-25-001810
Chunk: 8

Company: Wolverine Resources Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 8
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 licenses comprised of 385 claims and paid $14,300 in refundable security deposits. The mineral licenses are valid for a term of five years and require annual assessment work reports to be submitted. The security deposit will be refunded to the license holder upon the completion and acceptance of the first assessment work report which must be submitted within 60 days of the first anniversary of the license being issued.

          6. Common Stock
          Authorized 
          250,000,000 shares of common stock, $0.001 par value
          Issued and outstanding
          As at November 30, 2024, there were 125,224,373 shares of common stock issued and outstanding (May 31, 2024 - 100,974,373).
          As at the date of these financial statements, the Company has recorded shares issuable of $75,664 (May 31, 2024 -$357,862) relating to proceeds received or settlement of debt for 4,120,000 (May 31, 2024 - 15,560,000) shares of common stock which have yet to be issued.
          Stock transactions during the six months ended November 30, 2024:
          (a) During the six months ended November 30, 2024, the Company received proceeds of $75,664 (Cdn$103,000) for 4,120,000 shares of common stock at Cdn$0.025 per share to be issued subsequent to the period end.
          (b) On September 10, 2024, the Company issued 100,000 shares of common stock at a price of $0.025 per share for proceeds of $2,500, 500,000 shares of common stock at a price of $0.02 per share for proceeds of $10,000 and 15,260,000 shares of common stock at a price of Cdn$0.025 per share for proceeds of $36,706 (Cdn$50,000) and to settle shares issuable of $244,862 (Cdn$331,500), of which 2,600,000 shares were issued to a director and a company controlled by the director of the Company and 800,000 shares were issued to individuals related to a director of the Company.
          (c) On September 10, 2024, the Company issued 2,300,000 shares of common stock, of which