Wolverine Provides Additional Details of Proposed Financing of ENIGMAMobil Inc.
Vancouver, British Columbia, November 14, 2013-Wolverine Exploration Inc. ("Wolverine") ( WOLV ) would like to provide additional details regarding the proposed financing of ENIGMAMobil Inc. ("Enigma"). It is Wolverine's current intention that the financing will not be raised by the issuance of securities of Wolverine but rather through the sharing of the 25% equity interest in Enigma. Wolverine is essentially acting as the partner to Enigma in order to assist in raising the financing, and the amount of the interest in Enigma that will be retained by Wolverine and transferred to Investors has not yet been determined, in order to provide the maximum amount of flexibility possible to facilitate the financing. Wolverine securities may be issued as a further incentive on the financing, if warranted in order to close the transaction.
The increase in the authorized capital from 200,000,000 to 500,000,000 common shares which was recently implemented was done to meet the ongoing and anticipated financing requirements of Wolverine, irrespective of the Enigma transaction.
Business of Enigma
Enigma is building a fully secure mobile wireless software application for Apple iOS, Android and Blackberry developed through a full patented language technology with the capability to protect against unauthorized computer intrusion and fraud. The language, available to Enigma, to create the wireless security application was developed over a 12-year period is complete and operational and has been substantiated by IBM's Research Labs. When complete, Enigma will have the only ability to protect with certainty, the wireless marketplace worldwide currently in excess of 6 billion devices and growing at a rate of 50% annually. The Enigma mobile security application will be available to the marketplace within a 10-month period commencing upon receipt of the funding.
For additional information regarding Enigma please visit http://enigmamobile.com/ .
On behalf of the Board
Lee Costerd
President
For further information please contact:
Investor Relations (778) 297-4409
mailto:investor@wolverineexplorationinc.com
http://www.wolverineexplorationinc.com/
Or
The Foothills Group
San Jose, CA
1-888-516-7415 (toll free)
mailto:info@foothillsgroup.com
http://www.foothillsgroup.com/
There is no assurance that the financing required for the completion of Enigma's mobile security application can be raised.
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