- Puma Exploration (PUMA) announced that all the outstanding warrants issued in connection with its July private placement financing have been exercised, for proceeds of C$1.75 million
- The warrants were exercisable into one common share of the company at C$0.10 per common share and expired on July 24th, 2022
- The company intends to use the proceeds to continue exploration on its 100 per cent-owned Williams Brook Gold Project in New Brunswick, Atlantic Canada and for general working capital purposes
- Puma Exploration Inc. (PUMA) was down 4.55 per cent, trading at C$0.21 at 12:00 pm ET
Puma Exploration (PUMA) announced that all warrants issued with its July private placement had been exercised for C$1.75 million.
The warrants were exercisable into one common share of the company at C$0.10 per common share and expired on July 24th, 2022.
No commission was paid in connection with the exercise of the warrants.
The company intends to use the proceeds to continue exploration on its 100 per cent-owned Williams Brook Gold Project in New Brunswick, Atlantic Canada and for general working capital purposes.
The company’s President and CEO, Marcel Robillard, said that this influx of cash in the current market downturn is especially welcome.
“The funds will allow us to advance exploration on our Williams Brook Project and continue to build shareholder value. Our 2022 Summer Exploration Program is well underway, and we look forward to another exciting summer of discovery.”
As of today, Puma has a total of 117,894,221 shares issued and outstanding.
Puma Exploration Inc. (PUMA) is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada.
Puma was down 4.55 per cent, trading at C$0.21 at 12:00 pm ET.