- Puma Exploration (PUMA) has closed its brokered private placement for gross proceeds of $5 million
- The company issued a total of 10,000,000 flow-through common shares at a price of $0.50 per share
- The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick
- Puma Exploration is a mineral exploration company with early to advanced-stage precious and base metal projects in New Brunswick’s Famous Bathurst Mining Camp
- Puma Exploration Inc. (PUMA) opened trading at C$0.405 per share
Puma Exploration (PUMA) has closed its previously announced brokered private placement for gross proceeds of $5 million.
The company issued a total of 10,000,000 flow-through common shares at a price of $0.50 per share.
Marcel Robillard, President and CEO of Puma Exploration commented on the impact of the financing.
“I am so proud of Puma’s excellent and dedicated work on the Williams Brook property this year. Our discovery hole at the Lynx gold zone of the O’Neil Gold Trend was outstanding. I expect to continue to provide positive results in 2022 following this successful C$5.0 million raise where proceeds will be allocated to pursuing further exploratory work. With a robust exploration budget, Puma is set to advance the Williams Brook Project in 2022 with the launch of a 10,000-meter drilling campaign early in the new year.”
He added, “I want to personally thank Desjardins Capital Markets for their support and assistance in successfully closing our private placement. Their commitment to Puma has been exceptional.”
The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick.
Desjardins Capital Markets acted as sole bookrunner and agent. The company has paid the agent a 7 per cent cash commission and issued broker warrants. Each broker warrant can be exercised to acquire one common share for up to 24 months from the closing date.
Puma Exploration is a mineral exploration company with early to advanced-stage precious and base metal projects in New Brunswick’s Famous Bathurst Mining Camp.
Puma Exploration Inc. (PUMA) opened trading at C$0.405 per share.
