Puma Exploration closes non-brokered placement for $668,500 to advance McKenzie Gold Project in N.B.

From GlobeNewswire: 2024-12-24 16:30:00

Puma Exploration Inc. has closed a non-brokered placement, raising C$668,500 through the sale of 6,685,000 flow-through units at $0.10 per unit. Each unit includes one flow-through share and one common share purchase warrant exercisable at $0.15 per share. The company can accelerate the expiration date of the warrants if certain conditions are met, and insiders participated in the placement within regulatory limits. The funds will be used for eligible exploration expenses in Canada and advance the McKenzie Gold Project in New Brunswick. The company also paid finder’s fees and issued finder warrants in connection with the offering.

Puma Exploration focuses on precious metals projects in New Brunswick, with strategic landholdings near existing infrastructure. The company’s successful exploration methodology has identified potential for significant gold mineralization in the region. Puma operates under a DEAR business model to generate value for shareholders with minimal dilution. The company’s president supervised the preparation of the news release, and forward-looking statements may involve risks and uncertainties. Interested parties can connect with Puma Exploration on social media or visit their website for more information.



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