| Subsequent Events [Text Block] | 7.
Subsequent Events
(a)
On April 14, 2015, the Company entered into a Share Exchange and Royalty Agreement pursuant to which the Company will acquire
25% interest in the process technology and cyber security company ENIGMAMobil Inc. (“Enigma”) for the purchase price of $3,000,000, to be paid in shares of common stock of the Company. The Company will also receive
25% royalty of all gross revenue received by Enigma from the sale of licenses of ENIGMAMobil™ mobile security app. The Company agreed to issue a finder’s fee to Texada Consulting Inc. consisting of
30,000,000
shares of common stock of the Company (the “Finder’s Shares”). The Agreement is subject to Wolverine and/or Enigma completing a financing of $2,500,000
and the Company increasing its authorized capital of common stock to allow for the issuance of the Shares and Finder’s Shares. As at October 23, 2017, the agreement has not yet closed.
(b)
On April 19, 2016, the Company signed a Share Purchase Agreement with a Director of the Company, whereby the Company will issue, in a private placement,
400,000,000
shares of common stock of the Company in consideration for one-third of the net proceeds that the Director will receive from the sale of the Director’s
15% interest in Decision-Zone Inc. The Agreement is subject to the Company increasing its authorized capital of common stock to allow for the issuance of the shares to the Director. As at October 23, 2017, the agreement has not yet closed.
(c)
In September 2017, the Company received cash proceeds of Cdn$15,000
relating to a subsequent issuance of
3,000,000
shares of common stock. As of the date of this filing, these shares have not yet been issued.
(d)
In October 2017, a creditor of the Company assigned $110,000
of debt to various parties. In October 2017, the Company then entered into various accounts payable settlement agreements with these parties to settle Cdn$110,000
of debt with the issuance of
22,000,000
shares of common stock. As of the date of this filing these shares have not yet been issued and the amounts due are reflected in accounts payable.
(e)
In October 2017, the Company entered into accounts payable settlement agreements with two creditors to settle Cdn$62,500
and USD$10,000
of debt with the issuance of
14,500,000
shares of common stock. As of the date of this filing, the shares have not been issued and the amounts due are reflected in accounts payables.
(f)
The Company entered into an accounts payable settlement agreement with company controlled by the President of the Company to settle Cdn$20,000
of debt with the issuance of
4,000,000
shares of common stock. As of the date of this filing, the shares have not been issued and the amount is reflected in accounts payable.
(g)
In January 2018, the Company received cash proceeds of Cdn$100,000
relating to a subsequent issuance of
20,000,000
shares of common stock. As of the date of this filing these shares have not yet been issued. |
