Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Juggernaut Files for Final Approval of Oversubscribed Financing

by admin May 31, 2025
May 31, 2025
Juggernaut Files for Final Approval of Oversubscribed Financing

(TheNewswire)

Vancouver, British Columbia TheNewswire – May 30, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its April 14 th April 23 rd April 25 th 2025, and May 15, 2025, news releases, the Company is pleased to announce that it has filed documents with the TSX Venture Exchange (the ‘Exchange’) seeking final approval to close its private placement financing (the ‘Financing’) for aggregate gross proceeds of $10,362,735.

The Company is seeking approval to close the Financing with this second and final tranche, issuing 2,040,000 $0.825 charity flow-through units (‘CFT Units’), with each CFT Unit consisting of 1 flow-through common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of $1,683,000.

On May 16, 2025 the Company closed the first tranche of the Financing, issuing 9,308,770 CFT Units, and 2,000,000 $0.50 non-flow-through units (‘NFT Units’), each NFT Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days, for aggregate gross proceeds of 8,679,735.

The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.

Cash finders’ fees totaling $221,963 have been paid and 439,925non-transferable broker warrants have been issued in accordance with TSXV Polices.  All securities issued in the first tranche closing are subject to a 4-month-plus-one-day hold, expiring September 17, 2025, and all securities issued in the second tranche closing are subject to a 4-month-plus-one-day hold expiring October 2, 2025.

One insider subscribing for 2,000,000 NFT Units, a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’), is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. 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 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.

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

Qualified Person

Rein Turna P. Geo 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 release.

Grab samples are selected samples and may not represent true underlying mineralization.

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 disclosures 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.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

previous post
Top 5 Canadian Mining Stocks This Week: Adyton Sparkles with 97 Percent Gain
next post
Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Related Posts

Lithium Universe LtdMOU Signed with Lafarge Canada Inc.

February 10, 2025

Crypto Market Recap: House Democrats to Launch Meme...

March 2, 2025

E-Power Starts Metallurgical Testwork at SGS Canada Inc

February 11, 2025

Crypto Market Recap: Bitcoin Breaks US$111,000, Trump Courts...

May 24, 2025

Corazon Mining: Base and Precious Metals Development in...

February 14, 2025

Cardiex Receives TGA Approval for CONNEQT Pulse Device

June 2, 2025

3 Things Warren Buffett Has Said About Gold

May 6, 2025

Tech 5: CoreWeave Plans US$4 Billion IPO, Trump...

March 9, 2025

Lupin Protein Health Benefits Presentation

March 24, 2025

Asara Raises $2.3M in Placement to Underpin Exploration...

February 20, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • How a Trump-fueled brain drain could be the rest of the world’s brain gain

      June 2, 2025
    • Athletes, coaches and officials among 22 killed in road accident in northern Nigeria

      June 2, 2025
    • Poland’s presidential election on a knife edge after heated election, exit polls show

      June 2, 2025
    • Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

      June 2, 2025
    • How protests over designer handbags threw Mongolia into political crisis

      June 2, 2025
    • Drone strikes ahead of Russia-Ukraine peace talks leave Trump’s credibility hanging by a thread

      June 2, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved