Vancouver, British Columbia--(Newsfile Corp. - July 27, 2022) - Wolverine Technologies Corp. (OTC Pink: WOLV) (the "Company") announced today the completion of a name change to Wolverine Resources Corp. and a 1:20 reverse stock split.
The shares will commence trading on a split-basis under the name Wolverine Resources Corp. at the opening of business on July 28, 2022. The trading symbol will remain WOLV. The CUSIP number has been changed to 978077105.
The Company will have 77,464,327 common shares issued and outstanding on a post-split basis.
The name of the Company was changed to reflect the recent change of business of the Company back to mineral exploration and the reverse stock split will assist the Company in the raising of capital for its exploration projects and general working capital.
On Behalf of the Board
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The securities to be issued and sold in the private placement will not be registered under the Securities Act of 1933 as amended (the "Act") and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future, including but not limited to, statements regarding the name change and reverse split.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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