Wolverine Resources Corp (WOLV)

[cpw13154]

Might not have sold stock but used stock to make these payments and this is just November of last year. Loo back and see how much they have taken for a company that has ZERO revenue and they have done nothing.

4.

Related Party Transactions

(a)

During the six months ended November 30, 2014, the Company incurred consulting fees of $16,082 (2013 - $17,294) to the President of the Company.

(b)

During the six months ended November 30, 2014, the Company incurred consulting fees of $57,338 (2013 - $57,646) and rent of $5,734 (2013 - $5,765) to a company controlled by the brother of the President of the Company which is included in general and administrative expenses.

(c)

As at November 30, 2014, the Company owed $47,862 (Cdn$54,756) (May 31, 2014 - $35,468 (Cdn$38,456)) to the President of the Company which is non-interest bearing, unsecured, and due on demand.

(d)

As at November 30, 2014, the Company owes $17,482 (Cdn$20,000) (May 31, 2014 - $18,446 (Cdn$20,000)) for cash advances received from a company controlled by the brother of the President of the Company, which is non-interest bearing, unsecured, and due on demand. As at November 30, 2014, included in accounts payable are the amounts of $97,268 (Cdn$111,278) (May 31, 2014 - $59,819 (Cdn$64,858)) owing to this company.

(e)

As at November 30, 2014, included in accounts payable is the amount of $661 (Cdn$756) (May 31, 2014 - $24 (Cdn$26) owed to) owed from the brother of the President of the Company, which is non-interest bearing, unsecured and due on demand.