15 Oct 2013quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $99 thousand for the period ended 2013-11-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2013capital raising announcement● Neutral
On September 18, 2013 the company sold 15,000,000 shares at $0.01 each to one non-US investor, raising $150,000. The filing does not say what the money is for. It adds to the share count after the 35 million shares issued for the Cariboo claims in June.
What it means for a shareholder
15.0m new shares at $0.010 to raise about $150,000. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held $1,000 of shares (100,000 at the issue price), your slice goes from 0.0536% to 0.0496% of the company. To keep it you'd need 8,040 more shares - about $80 at the issue price.
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3 Sept 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 400,000 shares at $0.01.
29 Aug 2013late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its annual report would be filed late.
9 Aug 2013agm notice● Neutral
Wolverine Resources Corp. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
16 July 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 350,000 shares.
2 July 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 200,000 shares at $0.01.
2 July 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 108,277 shares at $0.01.
2 July 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 308,277 shares.
28 June 2013agm notice● Neutral
Wolverine Resources Corp. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 June 2013asset acquisition disposition● NeutralMajor
On June 11, 2013 the company agreed to buy 20 mining claims in the Cariboo District of British Columbia from 0969015 B.C. Ltd., paying with 35,000,000 new shares, which were issued effective that day. The filing also reveals earlier issues between August 2012 and April 2013, all at $0.01: about 28.55 million shares to settle debts and about 9.6 million sold for $96,000. Together that is a large increase in shares outstanding for existing holders. The share price in these issues is a third to a fifth of the 2009-2011 placements.
13 June 2013securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
24 Apr 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec./Treas. Costerd Lee bought 1,000,000 shares on the open market at $0.01.
18 Apr 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec./Treas. Costerd Lee sold 99,000 shares at $0.01.
16 Apr 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec./Treas. Costerd Lee sold 100,000 shares at $0.01.
15 Apr 2013quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $53 thousand for the period ended 2013-02-28.
14 Jan 2013quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $53 thousand for the period ended 2013-02-28.
2 Jan 2013director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 250,000 shares.
21 Dec 2012director interest notice● Neutral
Wolverine Resources Corp. President, Sec.-Treas. Costerd Lee sold 225,403 shares at $0.01.
15 Oct 2012quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $124 thousand for the period ended 2012-11-30.
29 Aug 2012late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its annual report would be filed late.
31 July 2012director interest notice● Neutral
Wolverine Resources Corp. President, Secretary-Treasurer Costerd Lee bought 600,000 shares on the open market at $0.01.
25 July 2012director interest notice● Neutral
Wolverine Resources Corp. President, Secretary/Treasurer Costerd Lee sold 500,000 shares at $0.01.
16 Apr 2012quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $74 thousand for the period ended 2012-02-28.
23 Feb 2012director interest notice● Neutral
Wolverine Resources Corp. President, Secretary-Treasurer Costerd Lee sold 200,000 shares at $0.01.
18 Jan 2012quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $74 thousand for the period ended 2012-02-28.
13 Jan 2012late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its quarterly report would be filed late.
25 Nov 2011capital raising announcement● Neutral
This amendment repeats the prior filing's list of 2011 private share sales. The visible change is that the three June 2011 entries now say $0.03 a share instead of $0.05, matching their dollar amounts. The share counts and proceeds are otherwise the same as in the original.
23 Nov 2011securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
23 Nov 2011capital raising announcement● Neutral
The company reported private share sales between January and November 2011, about 8.7 million shares raising about $262,000. Most were at $0.03 a share. The three June 2011 entries state a $0.05 price, but their dollar amounts work out to $0.03 (inference: likely a typo, and the 8-K/A two days later changes it). Some of the Cache River drilling money proposed in April 2011 may have come from these sales, but the filing does not say so.
What it means for a shareholder
8.7m new shares at about $0.0301 to raise about $262,000. That's 7.7% dilution: every existing holder's slice gets 7.7% smaller. If you held $1,000 of shares (33,206 at the issue price), your slice goes from 0.0318% to 0.0294% of the company. To keep it you'd need 2,769 more shares - about $83 at the issue price.
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