Investment Firm Juggernaut Secures $1 Million Through a $0.64 Private Financing Deal
Vancouver, British Columbia - Juggernaut Exploration Ltd., a leading explorer and generator of precious metals projects in the Golden Triangle of northwestern British Columbia, has announced the successful completion of a private placement financing. The company has raised $1,000,000 through the issuance of 1,562,500 units at $0.64 each.
Each unit consists of one common share and one common share purchase warrant, with the warrant exercisable at $0.84 for a period of 5 years. The company retains the right to accelerate the exercise period of the warrants to 30 days if the stock price closes at or above $1.84 for 10 consecutive trading days after the 4-month hold period.
The funds raised will be utilised for exploring Juggernaut's properties in Northwestern B.C. and for general working capital purposes. Juggernaut's projects are located in world-class geological settings and geopolitically safe jurisdictions.
It is worth noting that this private placement financing is separate from an earlier reported $1,100,000 financing by Juggernaut. The company is a member and active supporter of CASERM, an organisation representing a collaborative venture between the Colorado School of Mines and Virginia Tech.
Crescat Capital, a key strategic cornerstone shareholder, plays a significant role in Juggernaut's operations. Readers are cautioned not to place undue reliance on any forward-looking statements in this press release, as the private placement is subject to numerous risks and uncertainties that may cause future results to differ materially from those expressed or implied by such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The securities issued in this private placement are subject to a 4-month-plus-one-day hold from the date of issuance.
For further information, please contact Juggernaut Exploration Ltd.'s President, Director, and Chief Executive Officer at 604-559-8028, via email at [email protected], or visit the company's website at www.juggernautexploration.com.
- Juggernaut Exploration will use the funds from the private placement investing to finance exploring its properties in Northwestern British Columbia and for general business purposes.
- The increased funds from both the recent private placement financing and the earlier reported financing will be instrumental in executing Juggernaut's business strategy in world-class geological settings.
