Wolverine Expl Inc (WOLV) 0.0130 $WOLV Wolverin
Post# of 273249
Wolverine Appoints Dr. David Chalk and Richard Haderer to the Board of Directors and Enters into an Agreement for the Acquisition of a 25% Interest in Enigma
ACCESSWIRE - Tue Apr 14, 8:09AM CDT
VANCOUVER, BC / ACCESSWIRE / April 14, 2015 / Wolverine Exploration Inc. ("Wolverine" (OTC Pink: WOLV) announced today that it has entered into a Share Exchange and Royalty Agreement (the "Agreement" with Dr. David Chalk, hd.Tech ("Chalk". Under the terms of the Agreement, Wolverine will acquire a 25% interest in the process technology and cyber security company ENIGMAMobil Inc. ("Enigma" from Chalk for the purchase price of USD $3,000,000, to be paid in shares of common stock of Wolverine at a deemed price of USD$0.01 per share (the "Shares". Wolverine will also receive a 25% royalty of all gross revenue received by Enigma from the sale of licenses of the ENIGMAMobil(TM) mobile security app. The Agreement is subject to Enigma completing a financing of USD$2,500,000 and Wolverine increasing its authorized capital of common stock to allow for the issuance of the Shares and Finders' Shares (as defined below).