TSXV:JUGR - Post Discussion
Post by
yukon_gold on May 15, 2023 9:48am
Juggernaut Closes $3,040,000 Financing With Crescat Capital
|
JUGGERNAUT CLOSES $3,040,000 FINANCING WITH CRESCAT CAPITAL AS LEAD INVESTOR Vancouver, British Columbia – May 15th 2023 – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) further to its May 12 th, 2023 news release, Juggernaut is pleased to report that it has received TSX Venture Exchange approval to close its non-brokered private placement financing (the “Financing”) for aggregate gross proceeds of $3,040,000. The use of funds from this financing will be to drill ~6000 meters on Juggernaut’s 100% controlled Midas, Empire and Bingo properties targeting prolific high grade Gold and Copper at surface. The Company has issued 19,000,000 $0.16 Flow-Through Units (“FT Units”), each FT Unit consisting of 1 flow-through common share of the Company, and 1 common share purchase warrant exercisable for an additional common share at $0.20 for two years from the date of issuance, for total gross proceeds of $3,040,000. In connection with the financing the Company has paid the following finders’ fees in cash and broker warrants: - West Harbour Capital - $32,400 cash, 324,000 non-transferable broker warrants
- Echelon Wealth Partners - $1,800 cash, 18,000 non-transferable broker warrants
All securities issued pursuant to this financing will be subject to a four-month plus one-day hold. About Juggernaut Exploration Ltd. Juggernaut Exploration Ltd. is a precious metals project generator in the geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of northwestern British Columbia encompassing the Golden Triangle. View Juggernaut videos by Clicking Here. For more information, please contact Juggernaut Exploration Ltd. Dan Stuart President, Director, and Chief Executive Officer 604-559-8028 info@juggernautexploration.com www.juggernautexploration.com | | | |
Be the first to comment on this post