UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
WOLVERINE TECHNOLOGIES CORP.
(Name of Issuer)
Common Shares with a par value of $0.001
(Title of Class of Securities)
978086106
(CUSIP Number)
WOLVERINE TECHNOLOGIES CORP.
c/o Richard Haderer, CFO
#55, 11020 Williams Road
Richmond, British Columbia V2J 6V5
Telephone: (403) 275-4461
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 14, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
| 1 | NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Craig Young |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ] |
| 3 | SEC USE ONLY
|
| 4 | SOURCE OF FUNDS (See Instructions)
PF |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Craig Young is a citizen and resident of Canada |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH | 7 | SOLE VOTING POWER
85,000,000 common shares |
| 8 | SHARED VOTING POWER
n/a |
| 9 | SOLE DISPOSITIVE POWER
85,000,000 common shares |
| 10 | SHARED DISPOSITIVE POWER
n/a |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 85,000,000 common shares |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.49% based on 1,549,286,548 common shares issued and outstanding as of March 22, 2022 |
| 14 | TYPE OF REPORTING PERSON (See Instructions)
IN |
| | | |
Item 1. Security and Issuer
This Statement relates to common shares with a par value of $0.001 of Wolverine Technologies Corp. (the "Issuer"). The principal executive offices of the Issuer are located at #55-11020 Williams Road, Richmond, British Columbia V7A 1X8.
Item 2. Identity and Background
(a) The name of the Reporting Person is Craig Young.
(b) Mr. Young's address is 2612 Telford Drive, Kamloops, British Columbia V1S 0A3.
(c) Mr. Young is a mining engineer and a director of the Issuer.
(d) Mr. Young has not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
(e) Mr. Young has not been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, there was or is a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Mr. Young is a citizen and resident of Canada.
Item 3. Source and Amount of Funds or Other Considerations
On March 14, 2022, Mr. Young acquired 50,000,000 shares of the Issuer's common stock pursuant to private placement subscription agreement at a cost of CDN $0.0025 (USD $0.002) per share. The funds used for this share purchase were Mr. Young's personal funds.
Item 4. Purpose of Transaction
The purpose of the transaction described above was for investment. Depending on market conditions and other factors, Mr. Young may acquire additional shares of the Issuer's common stock as he deems appropriate, whether in open market purchases, privately negotiated transactions or otherwise. Mr. Young also reserves the right to dispose of some or all of the shares in the open market, in privately negotiated transactions to third parties or otherwise.
As of the date hereof, except as described above, Mr. Young expects to evaluate on an ongoing basis the investment in the Issuer, and may from time to time acquire additional or dispose of shares of common stock (in each case, depending upon general investment policies, market conditions and other factors) or formulate other purposes, plans or proposals regarding the Issuer or the common stock held by the Mr. Young to the extent deemed advisable in light of general investment policies, market conditions and other factors. Any such acquisitions or dispositions may be made, subject to applicable law, in open market transactions, privately negotiated transactions or, in the case of dispositions, pursuant to a registration statement. Mr. Young may act independently in evaluating and effecting any such transactions.
As of the date hereof, except as described above, Mr. Young does not have any plans or proposals which relate to or would result in:
(a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
(d) any change in the present board of directors or management of the Issuer including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend policy of the Issuer;
(f) any other material change in the Issuer's business or corporate structure;
(g) changes in the Issuer's Certificate of Incorporation or other actions which may impede the acquisition of control of the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) As of March 22, 2022, the aggregate number and percentage of common shares of the Issuer beneficially owned by Mr. Young are 85,000,000 common shares, or approximately 5.49% of the Issuer.
(b) Mr. Young has the sole power to vote or direct the vote, and to dispose or direct the disposition, of 85,000,000 shares of common stock of the Issuer.
(c) Other than as described in Item 3 above, Mr. Young has not effected any transaction in the shares of common stock of the Issuer in the past sixty days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Except as set forth above or set forth in the exhibits, there are no contracts, arrangements, understandings or relationships between Mr. Young and any other person with respect to any securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
Exhibit 1. Form of Private Placement Subscription Agreement, furnished as Exhibit 10.1 to the Form 8-K filed on March 15, 2022 and is incorporated herewith by reference.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
March 22, 2022 |
Dated |
| |
/s/ Craig Young |
Signature |
| |
Craig Young, Director |
Name/Title |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
