ASC Revocation of Cease Trade Order

ALBERTA SECURITIES COMMISSION

REVOCATION ORDER

Under the Securities Legislation of Alberta (the Legislation)

Citation: Re Wolverine Technologies Corp., 2022 ABASC 14

Date: 20220204

Wolverine Technologies Corp.

Background

1. Wolverine Technologies Corp. (the Issuer) is subject to a failure-to-file cease trade order (the FFCTO) issued by the Executive Director of the Alberta Securities Commission (the Principal Regulator) on 5 October 2020.

2. The Issuer has applied to the Principal Regulator under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions (NP 11-207) for an order revoking the FFCTO.

Interpretation

3. Terms defined in National Instrument 14-101 Definitions or in NP 11 207 have the same meaning if used in this order, unless otherwise defined.

Representations

4. This order is based on the following facts represented by the Issuer:

(a) It is a reporting issuer under Legislation.

(b) It has filed with the Principal Regulator all continuous disclosure that it is required to file under the Legislation, except any continuous disclosure that the Principal Regulator elected not to require as contemplated in sections 6 and 7 of National Policy 12-202 Revocation of Certain Cease Trade Orders, and has paid all activity, participation and late filing fees that it is required to pay to the Principal Regulator.

(c) It has an up-to-date SEDAR profile and SEDI issuer profile supplement.

(d) The Issuer acknowledges and accepts that it will be identified on the Alberta Securities Commission’s list of reporting issuers with a notation indicating it is in default of Alberta securities laws until the composition of its audit committee complies with the requirements of National Instrument 52-110 Audit Committees.

Order

5. The Principal Regulator is satisfied that the order to revoke the FFCTO meets the test set out in the Legislation for the Principal Regulator to make the decision.

6. The decision of the Principal Regulator under the Legislation is that the FFCTO is revoked.

4 February 2022

"original signed by"
Denise Weeres
Director, Corporate Finance
Alberta Securities Commission

Original