Stockwatch

Juggernaut Exploration Ltd
Symbol	JUGR
Shares Issued	62,549,452
Close 2023-12-01	C$ 0.145
Market Cap	C$ 9,069,671
Recent Sedar Documents

Juggernaut closes $1.75-million private placement

2023-12-01 09:03 ET - News Release

Subject: Fwd: Juggernaut news Dec 1st 2023 Word Document File: '\\swfile\EmailIn\20231201 030451 Attachment JUGR NR PPClosed Dec 1st 2023.docx' 2 JUGGERNAUT APPROVED TO CLOSE FINANCING Vancouver, British Columbia - December 1, 2023 - Further to the November 30, 2023 news release, Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut") is pleased to announce it has received approval from the TSX Venture Exchange (the "Exchange") to close its previously announced (November 6, 2023, November 20, 2023 and November 30, 2023) private placement financing (the "Financing"), issuing 13,495,076 units (the "Units") for aggregate gross proceeds of $1,754,360. Each Unit consists of 1 common share of the Company and 1 common share purchase warrant (the "Warrants"), each warrant being exercisable for an additional common share of the Company at an exercise price of $0.25 for 36 months from the date of issue, subject to the right of the Company to accelerate the exercise period to 30 days if, after the expiry of the 4-month hold, shares of the Company close at or above $1.00 for 10 consecutive trading days. The Financing was effected with one insider, subscribing for $50,000.08 or 384,616 Units, that portion of the Private Placement a "related party transaction" as such term is defined under MI 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization. The Company has paid cash finder's fees totaling $12,129 and issued 93,300 non-transferable Broker Warrants as follows: National Bank Financial - $904.80 cash and 6,960 Broker Warrants; PI Financial Corp. - $4,017 cash and 30,900 Broker Warrants; Red Cloud Securities Inc. - $1,443 cash and 11,100 Broker Warrants; Haywood Securities Inc. - $5,764.20 and 44,340 Broker Warrants. Broker Warrants are exercisable at $0.25 for 24 months from the date of issue. All securities issued pursuant to this offering are subject to a four-month plus 1 day hold period from the date of issuance. Proceeds from this financing will be used for an option payment requirement related to Bingo, due Dec 30th, 2023; Bingo is located next door to our sister company, Goliath Resources Surebet Discovery. Bingo contains the same world-class geological units, including Hazelton Volcanics and related sediments and intrusives, as well as completion of Midas and Empire interpretation and general working capital. Stock Options Granted Subject to regulatory approval and pursuant to the Company's stock option plan, it has granted 1,030,000 share purchase options in aggregate to officers/directors of the Company. Each option is exercisable for the purchase of one common share of the Company at a unit price of $0.16 for a five year period. 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. 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 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. FORWARD LOOKING STATEMENT Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT. PDF Document File: Attachment JUGR NR PPClosed Dec 1st 2023.pdf JUGGERNAUT APPROVED TO CLOSE FINANCING Vancouver, British Columbia December 1, 2023 Further to the November 30, 2023 news release, Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut") is pleased to announce it has received approval from the TSX Venture Exchange (the "Exchange") to close its previously announced (November 6, 2023, November 20, 2023 and November 30, 2023) private placement financing (the "Financing"), issuing 13,495,076 units (the "Units") for aggregate gross proceeds of $1,754,360. Each Unit consists of 1 common share of the Company and 1 common share purchase warrant (the "Warrants"), each warrant being exercisable for an additional common share of the Company at an exercise price of $0.25 for 36 months from the date of issue, subject to the right of the Company to accelerate the exercise period to 30 days if, after the expiry of the 4-month hold, shares of the Company close at or above $1.00 for 10 consecutive trading days. The Financing was effected with one insider, subscribing for $50,000.08 or 384,616 Units, that portion of the Private Placement a "related party transaction" as such term is defined under MI 61-101 Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization. The Company has paid cash finder's fees totaling $12,129 and issued 93,300 non-transferable Broker Warrants as follows: National Bank Financial - $904.80 cash and 6,960 Broker Warrants; PI Financial Corp. - $4,017 cash and 30,900 Broker Warrants; Red Cloud Securities Inc. - $1,443 cash and 11,100 Broker Warrants; Haywood Securities Inc. - $5,764.20 and 44,340 Broker Warrants. Broker Warrants are exercisable at $0.25 for 24 months from the date of issue. All securities issued pursuant to this offering are subject to a four-month plus 1 day hold period from the date of issuance. Proceeds from this financing will be used for an option payment requirement related to Bingo, due Dec 30th, 2023; Bingo is located next door to our sister company, Goliath Resources Surebet Discovery. Bingo contains the same world-class geological units, including Hazelton Volcanics and related sediments and intrusives, as well as completion of Midas and Empire interpretation and general working capital. Stock Options Granted Subject to regulatory approval and pursuant to the Company's stock option plan, it has granted 1,030,000 share purchase options in aggregate to officers/directors of the Company. Each option is exercisable for the purchase of one common share of the Company at a unit price of $0.16 for a five year period. 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. 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 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. FORWARD LOOKING STATEMENT Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut's operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT. 2