17 Oct 2011quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $213 thousand for the period ended 2011-11-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Oct 2011director interest notice● Neutral
Wolverine Resources Corp. President, Secretary-Treasurer Costerd Lee sold 100,000 shares.
13 Sept 2011capital raising announcement● Neutral
In August and September 2011 the company hired Mighty Markets LLC for six months of marketing services. It also cancelled 200,000 options held by Bruce Costerd and granted 200,000 new options to a consultant at $0.05, expiring September 9, 2016. It also cut the exercise price of the May 2010 options from $0.14 to $0.05 (expiry still May 28, 2015). The price cut revises the 2010 option grants and makes them cheaper for their holders to exercise.
29 Aug 2011late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its annual report would be filed late.
18 Apr 2011capital raising announcement● Neutral
On April 18, 2011 the company announced a proposed private placement of up to 6,000,000 shares at US$0.05, for up to $300,000. The money is meant for a drill program on its Cache River property, due to start in early May, and for general working capital. This is only a proposal; the filing does not say whether any shares were sold.
What it means for a shareholder
6.0m new shares at US$0.050 to raise about US$300,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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12 Apr 2011quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $164 thousand for the period ended 2011-02-28.
3 Mar 2011director interest notice● Neutral
Wolverine Resources Corp. President,Sec/Trea. Costerd Lee sold 100,000 shares.
14 Jan 2011quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $164 thousand for the period ended 2011-02-28.
15 Dec 2010director interest notice● Neutral
Wolverine Resources Corp. President Costerd Lee sold 129,407 shares.
14 Dec 2010director interest notice● Neutral
Wolverine Resources Corp. President Costerd Lee sold 129,407 shares.
12 Nov 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Expl. & Bus.Dev. Rich Luke sold 10,000 shares at $0.07.
4 Nov 2010securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
4 Nov 2010capital raising announcement● Neutral
The company reported private share sales between August 20 and October 4, 2010, all at $0.05 a share. In total about 5.7 million shares were sold, raising about $285,000. This continues the pattern of small private placements. The price is higher than the $0.03 charged in the 2009-10 placements.
What it means for a shareholder
5.7m new shares at about $0.050 to raise about $285,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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15 Oct 2010quarterly activities report▼ Bad
Wolverine Resources Corp. reported quarterly revenue of $0 and a net loss of $191 thousand for the period ended 2010-11-30.
14 Oct 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Expl. & Bus.Dev. Rich Luke sold 25,000 shares at $0.07.
8 Oct 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Expl. & Bus.Dev. Rich Luke sold 30,000 shares at $0.06.
16 Sept 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Exploration and Bus. Dev. Rich Luke sold 99,860 shares.
13 Sept 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Exploration and Bus. Dev. Rich Luke sold 85,000 shares.
30 Aug 2010late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its annual report would be filed late.
12 Aug 2010director interest notice● Neutral
Wolverine Resources Corp. VP, Expl.and Business Dev. Rich Luke sold 125,000 shares.
6 July 2010securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
18 June 2010director interest notice● Neutral
Wolverine Resources Corp. President & Secretary Costerd Lee sold 25,000 shares at $0.18.
14 June 2010director interest notice● Neutral
Rich Luke became a Wolverine Resources Corp. VP Expl. & Business Devlp. and company insider (initial ownership filing).
1 June 2010capital raising announcement● Neutral
On May 28, 2010 directors adopted a 2010 Stock Plan allowing up to 5,147,250 shares and 5,147,250 options. The same day the company granted options on 5,100,000 shares to an officer/director and five consultants. They are exercisable at $0.14 until May 28, 2015. If exercised, these options would add shares for existing holders.
29 Mar 2010director interest notice● Neutral
Wolverine Resources Corp. President/Secretary/Treasurer Costerd Lee bought 300,000 shares on the open market at $0.03.
29 Mar 2010substantial holder notice● Neutral
Lee Costerd disclosed a new substantial Wolverine Resources Corp. shareholding (5.60% of votes).
11 Mar 2010securities registration● Neutral
Wolverine Resources Corp. filed notice of an exempt private placement.
26 Feb 2010capital raising announcement● Neutral
The company reported a run of share sales between June 2009 and February 2010, all at $0.03 a share. About 5.9 million shares were sold for cash, raising about $177,000 in total. A further 2.2 million shares were issued to settle debts with individuals. This is a catch-up disclosure, filed in February 2010 for issues going back to June 2009. It means more shares outstanding for existing holders.
15 Jan 2010late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its quarterly report would be filed late.
1 Sept 2009late filing notice▼ Bad
Wolverine Resources Corp. notified the SEC that its annual report would be filed late.