Core Viewpoint - Juggernaut Exploration Ltd. has successfully closed a private placement financing, raising a total of $1,000,000 to support its exploration activities and general working capital [1][3]. Financing Details - The company issued 1,562,500 units at a price of $0.64 per unit, with each unit comprising one common share and one common share purchase warrant [2]. - The warrants are exercisable at $0.84 for a period of 5 years, with a provision for the company to accelerate the exercise period if the share price exceeds $1.84 for 10 consecutive trading days after the hold period [2]. Use of Proceeds - The funds raised will be allocated towards exploring Juggernaut's properties located in Northwestern British Columbia, as well as for general working capital needs [3]. Securities Regulation - All securities issued in this financing are subject to a hold period of four months plus one day from the date of issuance [4]. Company Overview - Juggernaut Exploration Ltd. is focused on precious metals exploration in the Golden Triangle of northwestern British Columbia, operating in favorable geological and geopolitical conditions for Tier 1 mining [6]. - The company is a member of CASERM, collaborating with the Colorado School of Mines and Virginia Tech, and has Crescat Capital as a key strategic shareholder [6].
Juggernaut Closes $1,000,000 $0.64 Unit Private Placement Financing
Thenewswireยท2025-07-17 11:45