- Puma Exploration (PUMA) has announced a C$5M marketed private placement
- The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick
- Desjardins Capital Markets is acting as sole agent on the offering, which is expected to close on or about December 15, 2021
- 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 (PUMA) closed down by 3.66 per cent trading at $0.395 per share
Puma Exploration (PUMA) has announced a C$5M marketed private placement.
Desjardins Capital Markets has agreed to sell up to 10,000,000 flow-through Puma common shares priced at $0.50 per share.
The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick.
It will incur Canadian exploration expenses which qualify as flow-through mining expenditures as defined in the Income Tax Act of Canada. It will renounce such qualifying expenditures with an effective date of no later than December 31, 2021.
Flow-through shares under the offering are available in each of the provinces and territories of Canada.
Closing is expected to occur on or about December 15, 2021.
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 (PUMA) closed down by 3.66 per cent trading at $0.395 per share.