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Juggernaut Exploration Ltd. V.JUGR

Alternate Symbol(s):  JUGRF

Juggernaut Exploration Ltd. is a Canada-based company that is in the business of acquiring, exploring and evaluating mineral resource properties. The Company’s operating properties include Midas and Empire Properties, Gold Standard Property, Gold Star Property and Bingo Property. It entered into two separate letter agreements with J2 Syndicate Holdings Ltd. (the J2 Syndicate) and its members (the Optionors) providing the Company with the right to acquire a 100% interest in the Midas property situated in the Skeena Mining Division of British Columbia and the Empire property situated in the Omineca Mining Division of BC. The Gold Standard Property contains over 3,961 hectares located in West Central British Columbia (BC). The Gold Star Property contains over 238 hectares located in West Central BC in close proximity to the Gold Standard Property. It also has 100% interest in and to certain mineral claims situated in the Skeena Mining District in British Columbia, the Bingo Property.


TSXV:JUGR - Post by User

Bullboard Posts
Post by MiningMasterAuon Oct 02, 2019 9:01am
298 Views
Post# 30186174

Juggernaut to roll back shares 1:10

Juggernaut to roll back shares 1:10

Juggernaut to roll back shares 1:10

2019-10-02 06:07 MT - News Release

Mr. Dan Stuart reports

JUGGERNAUT ANNOUNCES SHARE CONSOLIDATION

Juggernaut Exploration Ltd. intends to consolidate its common shares on a 1:10 share basis.

The 105,225,564 Shares currently issued and outstanding will be reduced to approximately 10,522,556 post-Consolidation Shares. No fractional shares will be issued under the Consolidation. Each fractional share following the Consolidation that is less than one-half of a share will be cancelled and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. The exercise or conversion price and the number of shares issuable under any of the Company's outstanding stock options and convertible instruments, as applicable, will be proportionately adjusted upon completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their Shares for replacement certificates representing the number of post-consolidation Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing Shares prior to the Consolidation will be deemed for all purposes to represent the number of Shares to which the holder thereof is entitled as a result of the Consolidation.

The Board of Directors of the Company believes that the Consolidation is necessary to better position the Company for future corporate development opportunities and financing transactions. There will be no name change in conjunction with the Consolidation.

The Consolidation is subject to the acceptance of the TSX Venture Exchange (the "Exchange") and the pre-Consolidated Shares will continue to be traded on the Exchange under the current trading symbol "JUGR". Upon acceptance by the exchange, the Company's trading symbol will remain the same but the CUSIP and ISIN numbers will change upon the completion of the Consolidation.

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