This is dated Mar 2 on otc but was just recently f
Post# of 876
Posted On: 03/30/2015 9:55:09 AM
This is dated Mar 2 on otc but was just recently filed there because 1st I've seen it and I've been checking.
I'm not sure how WOLV has been trading since issuance of the British Columbia cease trade order as BCSC implies their purview applies to the USA also-does anybody know?
Looks like we are finally getting a NI 43-101. emphasis added below
Partial Revocation Order For Wolverine Exploration Inc. [Market News Publishing (US)]
WOLVERINE EXPLORATION INC
BC SECURITIES COMMISSION ("BCSC-V"
WOLVERINE EXPLORATION INC ("WOLV-0" - Partial Revocation Order For Wolverine Exploration Inc.
British Columbia Securities Commission
Citation: 2015 BCSECCOM 73
Partial Revocation Order
Wolverine Exploration Inc.
Section 171 of the Securities Act, R.S.B.C. 1996, c. 418
1 On October 8, 2014, the Executive Director issued an order (the Cease Trade Order) under section 164 of the Securities Act, R.S.B.C. 1996, c. 418 (the Act) that all trading in the securities of Wolverine Exploration Inc. (Wolverine Exploration) cease until it files the required records referred to in the Cease Trade Order and the Executive Director revokes the Cease Trade Order.
2 Wolverine Exploration applied to the Executive Director under National Policy 12-202 Revocation of a Compliance Cease Trade Order for an order under section 171 of the Act for a partial revocation of the Cease Trade Order to permit certain trades in connection with the issuance of securities as described below.
3 The Executive Director issued the Cease Trade Order because Wolverine Exploration failed to file:
1. a comparative financial statement for its financial year ended May 31, 2014, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (MI 51-105), and
2. a Form 51-102F1 Management's Discussion and Analysis for the period ended May 31, 2014, as required under Part 5 of NI 51-102 and section 5(b) of MI 51-105,
and
3. a Form 51-102F2 Annual Information Form for the period ended May 31, 2014, as required under section 5(c) of MI 51-105 (the Required Filings).
4 Wolverine Exploration has made the following representations to the Executive Director:
1. Wolverine Exploration was incorporated under the laws of the State of Nevada on February 24, 2006.
2. Wolverine Exploration
Quesnel, British Columbia.
Tel: 604 899-6500
Fax: 604 899-6506
Toll Free: 1 800-373-6393 www.bcsc.bc.ca
P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2
3. Wolverine Exploration is currently a reporting issuer in the province of British Columbia.
4. Wolverine Exploration 500,000,000 common shares of which 200,563,333 common shares are currently issued and outstanding.
5. The common shares are quoted on the US OTC Markets.
6. Wolverine Exploration is seeking a partial revocation of the Cease Trade Order in order to complete a private placement (Private Placement) of up to 6,000,000 common shares at a price of USD$0.01 per share for aggregate gross proceeds of USD$60,000.
7. Wolverine Exploration believes that the proceeds of the Private Placement will be sufficient to pay for the costs associated with bringing all continuous disclosure filings current.
8. The Private Placement trades are expected to take place in British Columbia, Alberta, Saskatchewan, Ontario, Newfoundland and Labrador and in the United States.
9. Wolverine Exploration will rely on the exemptions under sections 2.3 and 2.5 of National Instrument 45-106 Prospectus and Registration Exemptions to complete the Private Placement.
10. Wolverine Exploration intends to allocate the proceeds from the Private Placement as follows:
Description Cost Audit fees $25,000 Preparation of financial statements $15,000 Preparation of NI 43-101 Technical Report $20,000 Total $60,000
11. As the Private Placement would involve a trade of securities and acts in furtherance of a trade of securities, the Private Placement could not be completed without a partial revocation of the Cease Trade Order.
12. Wolverine Exploration intends to file an application for a full revocation of the Cease Trade order after it brings all continuous disclosure filings current.
5 Before completing the Private Placement, Wolverine Exploration will:
1. provide each investor in the Private Placement with a copy of the Cease Trade Order;
DM# 1599348
2. provide each investor in the Private Placement with a copy of this Partial Revocation Order; and
3. obtain and, upon receipt, provide to the British Columbia Securities Commission signed and dated acknowledgements from all investors in the Private Placement, which clearly state that the issuance of a partial revocation order does not guarantee the issuance of a full revocation order in the future.
6 The Executive Director is satisfied that it is not prejudicial to the public interest to permit Wolverine Exploration to complete the Private Placement.
7 Under section 171 of the Act, the Executive Director partially revokes the Cease Trade Order to permit the completion of the Private Placement.
8 February 27, 2015
Allan Lim, CPA, CA
Manager
Corporate Finance
DM# 1599348
OTCBB closing price for WOLV-0 Date: 2015/02/26 Closing Price: 0.01
____________________________________________________________
(c)2015 Market News Publishing Inc. All rights reserved.
Toronto
416)366-8881 Vancouver604)689-1101 Fax604)689-1106
© (c) 2015 Market News Publishing Inc.
I'm not sure how WOLV has been trading since issuance of the British Columbia cease trade order as BCSC implies their purview applies to the USA also-does anybody know?
Looks like we are finally getting a NI 43-101. emphasis added below
Partial Revocation Order For Wolverine Exploration Inc. [Market News Publishing (US)]
WOLVERINE EXPLORATION INC
BC SECURITIES COMMISSION ("BCSC-V"
WOLVERINE EXPLORATION INC ("WOLV-0" - Partial Revocation Order For Wolverine Exploration Inc. British Columbia Securities Commission
Citation: 2015 BCSECCOM 73
Partial Revocation Order
Wolverine Exploration Inc.
Section 171 of the Securities Act, R.S.B.C. 1996, c. 418
1 On October 8, 2014, the Executive Director issued an order (the Cease Trade Order) under section 164 of the Securities Act, R.S.B.C. 1996, c. 418 (the Act) that all trading in the securities of Wolverine Exploration Inc. (Wolverine Exploration) cease until it files the required records referred to in the Cease Trade Order and the Executive Director revokes the Cease Trade Order.
2 Wolverine Exploration applied to the Executive Director under National Policy 12-202 Revocation of a Compliance Cease Trade Order for an order under section 171 of the Act for a partial revocation of the Cease Trade Order to permit certain trades in connection with the issuance of securities as described below.
3 The Executive Director issued the Cease Trade Order because Wolverine Exploration failed to file:
1. a comparative financial statement for its financial year ended May 31, 2014, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and section 5(b) of Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets (MI 51-105), and
2. a Form 51-102F1 Management's Discussion and Analysis for the period ended May 31, 2014, as required under Part 5 of NI 51-102 and section 5(b) of MI 51-105,
and
3. a Form 51-102F2 Annual Information Form for the period ended May 31, 2014, as required under section 5(c) of MI 51-105 (the Required Filings).
4 Wolverine Exploration has made the following representations to the Executive Director:
1. Wolverine Exploration was incorporated under the laws of the State of Nevada on February 24, 2006.
2. Wolverine Exploration
Quesnel, British Columbia.
Tel: 604 899-6500
Fax: 604 899-6506
Toll Free: 1 800-373-6393 www.bcsc.bc.ca
P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2
3. Wolverine Exploration is currently a reporting issuer in the province of British Columbia.
4. Wolverine Exploration 500,000,000 common shares of which 200,563,333 common shares are currently issued and outstanding.
5. The common shares are quoted on the US OTC Markets.
6. Wolverine Exploration is seeking a partial revocation of the Cease Trade Order in order to complete a private placement (Private Placement) of up to 6,000,000 common shares at a price of USD$0.01 per share for aggregate gross proceeds of USD$60,000.
7. Wolverine Exploration believes that the proceeds of the Private Placement will be sufficient to pay for the costs associated with bringing all continuous disclosure filings current.
8. The Private Placement trades are expected to take place in British Columbia, Alberta, Saskatchewan, Ontario, Newfoundland and Labrador and in the United States.
9. Wolverine Exploration will rely on the exemptions under sections 2.3 and 2.5 of National Instrument 45-106 Prospectus and Registration Exemptions to complete the Private Placement.
10. Wolverine Exploration intends to allocate the proceeds from the Private Placement as follows:
Description Cost Audit fees $25,000 Preparation of financial statements $15,000 Preparation of NI 43-101 Technical Report $20,000 Total $60,000
11. As the Private Placement would involve a trade of securities and acts in furtherance of a trade of securities, the Private Placement could not be completed without a partial revocation of the Cease Trade Order.
12. Wolverine Exploration intends to file an application for a full revocation of the Cease Trade order after it brings all continuous disclosure filings current.
5 Before completing the Private Placement, Wolverine Exploration will:
1. provide each investor in the Private Placement with a copy of the Cease Trade Order;
DM# 1599348
2. provide each investor in the Private Placement with a copy of this Partial Revocation Order; and
3. obtain and, upon receipt, provide to the British Columbia Securities Commission signed and dated acknowledgements from all investors in the Private Placement, which clearly state that the issuance of a partial revocation order does not guarantee the issuance of a full revocation order in the future.
6 The Executive Director is satisfied that it is not prejudicial to the public interest to permit Wolverine Exploration to complete the Private Placement.
7 Under section 171 of the Act, the Executive Director partially revokes the Cease Trade Order to permit the completion of the Private Placement.
8 February 27, 2015
Allan Lim, CPA, CA
Manager
Corporate Finance
DM# 1599348
OTCBB closing price for WOLV-0 Date: 2015/02/26 Closing Price: 0.01
____________________________________________________________
(c)2015 Market News Publishing Inc. All rights reserved.
Toronto
416)366-8881 Vancouver604)689-1101 Fax604)689-1106 © (c) 2015 Market News Publishing Inc.
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