Puma Exploration Inc V.PUMA

Alternate Symbol(s): PUMXF

Metals & Mining Gold Industrial Metals & Minerals

Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault, Jacquet River, Ten Miles Pool Road, and South East Moose Brook. The Company's primary focus is its Williams Brook North property, located approximately 60 kilometers west of the city of Bathurst and accessible via a paved road. The Jonpol properties consist of approximately 204 claims near the Murray Brook and Restigouche deposits. The Portage Lake property consists of 118 claims and is located at the northwest contact of the former Restigouche mine. The TIMM property of 223 claims is located 10 kilometer east of St-Quentin and covers 4,840 hectares.

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Puma Exploration Inc

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Comment by Raftmanon Dec 08, 2016 9:56am

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Post# 25570783

RE:Transaction

There is two things:
PUM announced that it will own 100% of Murray Brook Minerals inc. (a strategic bought that brings 1 million cash in the company and a lot of other properties and assets).
PUM also announced that with this 1 million dollars they will purchase and own approx 70% of Murray Brook Deposit (not related to Murray Brook Minerals, which can be confusing).
I guess it's just a mather of days before they announce the closing of the private placement to pay and own the other 30% of the Murray Brook Deposit.

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