Mr. Dan Stuart reports
JUGGERNAUT ANNOUNCES FINANCING OF $1,000,000 FROM ONE STRATEGIC INVESTOR
Juggernaut Exploration Ltd. has received a $1-million hard-dollar financing from one strategic investor, further
confirming the support and excitement of the
newly discovered 11-kilometre Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The discovery is in an area of glacial and snowpack abatement
next door
to the gold-rich porphyry systems at Newmont Mining's Galore Creek.
The Big One property is a discovery previously announced Jan. 20, with assays up to 79.01 grams per tonne (g/t) gold
(2.54 ounces per ton (oz/t) gold)
and 3,157.89 g/t silver
(101.5 oz/t silver)
from over 200 gold-silver-copper-rich polymetallic veins up to eight metres (m) wide and striking for up to 500 m that all remain open at surface. The Big One project covers 33,693 hectares in a globally ranked Tier 1 jurisdiction with tremendous additional discovery potential in the heart of the Golden Triangle in British Columbia.
Subject to approval from the TSX-V, the company will issue 1,562,500 hard-dollar units priced at 64 cents each for gross proceeds of $1-million. Each hard-dollar unit will consist of one common share plus one warrant at 84 cents for a 60-month period, with a forced accelerated conversion after 10 consecutive trading days at or above $1.84, callable at management's discretion. The fully subscribed placement is scheduled to close on July 14, 2025. The proceeds will be used for general working capital.
Dan Stuart, director, president and chief executive officer of Juggernaut, states:
"This investment, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100-per-cent-controlled properties. Since May of this year, the company has raised approximately $12.5-million, and postfinancing, Juggernaut will have an extremely tight capital structure of just 30,985,170 shares, no debt and a strong cash position. As such, we are well positioned to move forward with our plans of drilling the Big One discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results."
All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.
About Juggernaut Exploration Ltd.
Juggernaut Exploration is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings
and geopolitically 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.
We seek Safe Harbor.
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