Lundin refreshes Wolverine Minerals buy
Ticker Symbol: C:WLV
Lundin refreshes Wolverine Minerals buy
Wolverine Minerals Corp (C:WLV)
Shares Issued 43,692,588
Last Close 8/18/2011 $0.53
Friday August 19 2011 - In the News
Brien Lundin, in the July, 2011, edition of the Gold Newsletter, refreshes his buy of Wolverine Minerals Corp., recently 50 cents. Mr. Lundin first recommended the stock in May, 2011, at 56 cents. An investment of $1,000 at 56 cents would now be worth $892. Wolverine has started an exploration program on its 17 properties in the Dawson Range gold belt in the Yukon. It will do most of the work at the BBB and DDD-Shamrock properties. Part of the exploration program is an airborne geophysical survey, which Wolverine will conduct together with Rockhaven Resources Ltd., which owns neighbouring properties. To finance the exploration work, Wolverine raised $5.4-million in a private placement of 7.37 million units (one share and one-half warrant) at 55 cents and 2.15 million flow-through units at 65 cents. The newsletter editor says the company has enough money from the financing. He also believes Wolverine's Yukon properties have good potential. He recommends buying the stock at current price levels, which he calls "attractive." This brief recommendation is a follow-up to earlier advice from Mr. Lundin.