As per the terms of the transaction, Wolverine will issue 35,000,000 common shares to 0969015 at a deemed price of $0.01 as full consideration for the acquisition of the Eureka Project Claims.
The Eureka Project Claims occupy a total area of 3,910.67ha, and are located 30 km east of Quesnel in Central British Columbia.
Cariboo Mining District, which has a history as a world-class producer of gold, has an overall historic gold production of about 3.8 million oz.
Wolverine is a junior exploration company that is focused on the acquisition and exploration of base and precious metal mineral properties in Labrador, Canada.
The company has a 90% stake in 429 mineral claims which cover an area of about 10,725ha in central Labrador and comprise a series of significant copper-gold showings.
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