Company: WOLV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001062993-25-001810
Chunk: 24

Company: Wolverine Resources Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 24
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 stock at Cdn$0.025 per share to be issued subsequent to the period end.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.On September 10, 2024, the Company issued 2,300,000 shares of common stock, of which 1,200,000 shares were issued to a director of the Company, to settle shares issuable of $113,000 relating to settlement agreements entered into during the year ended May 31, 2024.On August 31, 2024, a company controlled by the CEO of the Company assigned its outstanding receivables of $19,452 (Cdn$26,250), owed to it by the Company to six third-party individuals and an individual related to the CEO of the Company. On August 31, 2024, a company controlled by the CFO of the Company assigned its outstanding receivables of $3,705 (Cdn$5,000), owed to it by the Company to a third-party individual. Following these assignments, the Company entered into a settlement agreement with these third-party individuals and the individual related to the CEO of the Company and agreed to settle the assigned amounts by issuing an aggregate of 1,250,000 shares of its common stock. Upon settlement, the Company recognized a loss on settlement of $28,092. On September 10, 2024, the Company issued 1,250,000 shares of common stock, of which 200,000 shares were issued to an individual related to the CEO of the Company.On August 31, 2024, a director of the Company assigned its outstanding receivables of $3,705 (Cdn$5,000), owed to it by the Company to a third-party individual. Following this assignment