01:40:36 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Juggernaut Exploration Ltd (2)
Symbol JUGR
Shares Issued 27,703,939
Close 2025-06-16 C$ 0.75
Market Cap C$ 20,777,954
Recent Sedar Documents

Juggernaut seeks final TSX-V approval for financing

2025-06-16 19:39 ET - News Release

Mr. Dan Stuart reports

JUGGERNAUT FILES FOR FINAL APPROVAL OF $1,100,000 FROM INSTITUTIONS AND ACCREDITED INVESTORS

Further to its June 4, 2025, and June 12, 2025, news releases, Juggernaut Exploration Ltd. has filed documents with the TSX Venture Exchange, seeking final approval to close its private placement financing for aggregate gross proceeds of $1.1-million.

On receipt of final approval form the exchange, the company will issue 1,718,731 64-cent units, with each unit consisting of one common share of the company and one common share purchase warrant, each warrant being exercisable at 84 cents for five years, subject to the right of the company to accelerate the exercise period to 30 days if, after the four-month hold has expired, shares of the company close at or above $1.84 for 10 consecutive trading days.

The proceeds will be used to explore Juggernaut's properties located in northwestern British Columbia and for general working capital.

Further, and on receipt of exchange approval, cash finders' fees of $65,999 will be paid and 103,124 non-transferable broker warrants will be issued in accordance with TSX-V polices.

All securities issued pursuant to this financing are subject to a four-month-plus-one-day hold from date of issuance.

Stock options granted

Pursuant to the its stock option plan, the company has granted 1.2 million stock options to directors, officers and consultants of the company. Each option is exercisable for the purchase of one common share of the company at an exercise price of 78 cents for a 10-year period. One consultant's options vest 25 per cent after 12 months of the grant date and 25 per cent each 12 months thereafter until fully vested. All other options are fully vested and exercisable on the date of grant.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern B.C. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

Qualified person

Rein Turna, PGeo, is the independent qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this news release.

We seek Safe Harbor.

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