30 Jan 2017quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $74 thousand for the period ended 2017-02-28.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Jan 2017late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its quarterly report would be filed late.
20 Oct 2016quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $68 thousand for the period ended 2016-11-30.
16 Sept 2016director interest notice● Neutral
Wolverine Resources Corp. CEO/CFO Haderer Richard Dean bought 2,000,000 shares on the open market at $0.00.
19 Apr 2016material agreement● NeutralMajor
On April 19, 2016 the company agreed that director Dr. David Chalk will invest one-third of the net proceeds from selling his 15% interest in Decision-Zone Inc. (DZI) in a private placement of 400,000,000 Wolverine shares. The filing describes DZI as a potential acquisition target of a major technology company, and says the money would be used to acquire and develop new technologies. The amount depends on a DZI sale that has not happened per the filing, so the funds are not assured. It signals a move into technology, consistent with the 2015 name change.
18 Apr 2016quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $47 thousand for the period ended 2016-02-29.
14 Apr 2016late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its quarterly report would be filed late.
13 Jan 2016quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $47 thousand for the period ended 2016-02-29.
1 Dec 2015securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
1 Dec 2015capital raising announcement▼ Bad
On November 30, 2015 the company issued 1,800,000 shares to two non-US individuals to settle debts at a deemed USD $0.01. It also sold 7,500,000 shares at CDN $0.01 (CDN $75,000), 1,000,000 shares at USD $0.01 (USD $10,000) and 2,000,000 shares to one US person at USD $0.01 (USD $20,000). This continues the pattern of small raises and debt-for-share swaps under the new Wolverine Technologies name.
9 Oct 2015quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $89 thousand for the period ended 2015-11-30.
13 Aug 2015agm notice● Neutral
Wolverine Resources Corp. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
4 Aug 2015business combination● Neutral
The board approved merging the company into its wholly-owned subsidiary Wolverine Technologies Corp. purely to change its name from Wolverine Exploration Inc. to Wolverine Technologies Corp., with an effective date of August 12, 2015. The company remains the surviving entity, and the change was still under FINRA review. This is a name change only; the filing states no change to business or assets, though the new name may suggest a shift away from exploration (inference).
13 July 2015capital raising announcement▼ Bad
On July 13, 2015 the company issued 3,000,000 shares to two non-US individuals to settle debts at a deemed USD $0.01. It also sold 4,906,665 shares at CDN $0.0075 (CDN $36,800) and 3,000,000 shares at CDN $0.01 (CDN $30,000). This continues the steady dilution through small placements and debt settlements. The company's address is now in Richmond, BC rather than Quesnel.
2 June 2015capital raising announcement▼ BadMajor
On May 31, 2015 the company issued 33,600,000 shares to 24 people (22 non-US, 2 US) to settle debts at a deemed $0.01 a share. It also sold about 37 million shares in private placements: 35,500,995 at CDN $0.0075 (CDN $266,250), 1,000,000 at CDN $0.01 (CDN $10,000) and 500,000 at USD $0.01 (USD $5,000). The price is lower than the $0.01 used since 2012, and this is a much larger issue than earlier ones, continuing and increasing the dilution pattern. The CEO signing is now Richard Haderer rather than Lee Costerd.
1 June 2015director interest notice● Neutral
Wolverine Resources Corp. CEO, CFO and Director Haderer Richard Dean bought 3,000,000 shares on the open market at $0.01.
1 June 2015director interest notice● Neutral
Wolverine Resources Corp. VP, Expl./Bus. Dev. & Dir. Rich Luke bought 500,000 shares on the open market at $0.01.
1 June 2015director interest notice● Neutral
Wolverine Resources Corp. insider Costerd Lee bought 3,500,000 shares on the open market at $0.01.
1 May 2015director interest notice● Neutral
Wolverine Resources Corp. insider Costerd Lee sold 140,000 shares at $0.01.
17 Apr 2015director interest notice● Neutral
Haderer Richard Dean became a Wolverine Resources Corp. CEO and CFO and company insider (initial ownership filing).
17 Apr 2015director interest notice● Neutral
Chalk David Ian became a Wolverine Resources Corp. director and company insider (initial ownership filing).
27 Jan 2015quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $39 thousand for the period ended 2015-02-28.
14 Jan 2015late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its quarterly report would be filed late.
9 Jan 2015director interest notice● Neutral
Wolverine Resources Corp. President, Sec./Treas. Costerd Lee bought 3,000,000 shares on the open market at $0.01.
6 Jan 2015quarterly activities report▼ Bad
Wolverine Resources Corp. reported a quarterly net loss of $39 thousand for the period ended 2015-02-28.
16 Dec 2014capital raising announcement▼ Bad
The company reported two share issues and an auditor change. On September 8, 2014 it issued 5,000,000 shares to two non-US individuals to settle debts at a deemed $0.01 a share, and on September 29, 2014 it sold 1,500,000 shares at CDN $0.01 for CDN $15,000. Also on September 29, 2014, auditor Saturna Group resigned citing mandatory partner rotation, and MaloneBailey, LLP was engaged. Saturna's reports for the past two years carried going-concern doubt, and the filing reports no disagreements. The debt-for-shares and small-placement pattern continues; the going-concern doubt noted in earlier years persists. This filing was made in December 2014, months after the events.
15 Apr 2014quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $12 thousand for the period ended 2014-02-28.
11 Apr 2014director interest notice● Neutral
Wolverine Resources Corp. President/Sec./Treas. Costerd Lee sold 300,453 shares.
28 Mar 2014capital raising announcement● Neutral
On February 24, 2014 the company issued 10,000,000 shares to one non-US individual to settle a debt, at a deemed price of $0.01 a share (about $100,000 of debt by simple arithmetic). This turns debt into shares, adding to the share count; it continues the 2012-2013 pattern of settling debts with stock.
14 Jan 2014quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $12 thousand for the period ended 2014-02-28.