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The hard dollar financing will consist of up to 8,000,000 units (“Units”), priced at
Directors and officers of the company may acquire securities under the private placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. The funds from this financing can be used for exploration and/or general working capital.
The Company may pay finder's fees equal to 6% of the gross proceeds from a portion of the financing in cash, and 6% finder’s B-warrants equal to the number of units sold. Completion of the private placement and the payment of the finders’ fees are subject to acceptance by the Exchange.All shares issued pursuant to the financing (including shares issued to finders) and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the issuance date.
Mr.
This strategic investment from globally recognized Institutions and ongoing support from senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Post financing, Juggernaut will have a tight capital structure of slightly in excess of ~70 million shares, no debt, and a strong cash position of ~
About
For more information, please contact
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
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
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Copyright (c) 2023 TheNewswire - All rights reserved., source