Juggernaut Files to Close $3,040,000 Financing With Strategic Investment by Crescat Capital for 19.70% Ownership
Juggernaut Files to Close $3,040,000 Financing With Strategic Investment by Crescat Capital for 19.70% Ownership
VANCOUVER, British Columbia, May 12, 2023 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut") is pleased to report its previously announced non-brokered private placement financing (the "Financing") of up to $3 million was met with significant interest from strategic institutions, industry professionals and UHNWI investors resulting in the Financing being over-subscribed. The Financing was capped at $3,040,000 and the Company has filed documents with the TSXV Exchange ("Exchange") for approval to close the Financing.
温哥华，不列颠哥伦比亚省，2023年5月12日(环球通讯社)Juggernaut Explore Ltd.(多伦多证券交易所-V：JUGR)(OTCQB：JUGRF)(FSE：4JE)(“公司”或“Juggernaut”)很高兴地报告，其先前宣布的高达300万美元的非经纪私募融资(“融资”)获得了战略机构、行业专业人士和超高净值投资者的浓厚兴趣，导致融资获得超额认购。融资上限为3,040,000美元，本公司已向多伦多证券交易所(“交易所”)提交文件，要求批准结束融资。
Dr. Hennigh stated, "We are delighted to see Juggernaut move toward drilling at Midas and Empire. Given the nature of the targets, potentially high grade and large, and the recent positive trend in the commodity space, Juggernaut is set to be one of the most exciting exploration stories in BC this year. Having reviewed the drill plans, I am quite confident that they could make two notable discoveries this season."
亨尼博士说：“我们很高兴看到Juggernaut开始在迈达斯和帝国石油公司钻探。考虑到目标的性质，潜在的高品位和大型，以及最近大宗商品领域的积极趋势，Juggernaut将成为今年不列颠哥伦比亚省最令人兴奋的勘探故事之一。在审查了钻探计划后，我非常有信心，他们会在本季度取得两项引人注目的发现。”
Dr. Quinton Hennigh has taken on the role as special technical advisor to the Company. He is the technical consultant for all Crescat's gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with more than 30 years of experience including with major gold mining firms Homestake Mining, Newcrest Mining, and Newmont Mining.
昆顿·亨尼博士已担任该公司的特别技术顾问。他是克雷斯卡特所有黄金和白银开采投资的技术顾问。亨尼博士是世界著名的勘探地质学家，拥有30多年的经验，包括在主要的金矿开采公司Homestake Mining、Newcrest Mining和Newmont Mining工作过。
Crescat Capital LLC ("Crescat") made a strategic investment representing a 19.70% ownership of the Company post funding on a partially diluted basis. Juggernaut welcomes this strategic investment from Crescat Capital and technical support from Dr. Quinton Hennigh. Juggernaut's projects continue to garner strong interest and support from leading institutions and miners alike, confirming the quality of its three fully permitted, 100% controlled, drill ready projects located in world class geologic terrane of Northwestern British Columbia and the Golden Triangle.
新月资本有限责任公司(“新月资本”)进行了一项战略投资，相当于在部分摊薄的基础上拥有本公司19.70%的股权。Juggernaut欢迎克雷斯卡特资本的这项战略投资和昆顿·亨尼博士的技术支持。Juggernaut的项目继续获得领先机构和矿商的强烈兴趣和支持，证实了其位于不列颠哥伦比亚省西北部和金三角世界级地质地体的三个完全许可、100%控制、可钻探的项目的质量。
Mr. Dan Stuart, Director, President, and CEO of Juggernaut states:
董事首席执行官兼首席执行官斯图尔特、总裁表示：
"We are pleased to have strengthened our relationship both Crescat Capital as a strategic investor and Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Juggernaut will have a tight capital structure of just 62,447,452 shares, no debt, and a strong cash position of ~ $5,000,000. As such, we are well positioned to move forward with our plans of drilling Midas, Empire and Bingo totaling approximately ~6,000 meters. With much anticipation, we look forward to executing the inaugural drill and exploration programs and reporting results."
我们很高兴作为战略投资者的克雷斯卡特资本公司和作为特别技术顾问和投资者的亨尼博士公司加强了我们的关系。我期待着与我们的合作伙伴合作，他们带来了经过验证的财务和技术实力记录。这将使Juggernaut能够长期释放其资产的全部潜力，为所有股东创造价值。这一投资和战略合作伙伴关系，再加上其他全球认可机构和资深矿商的持续支持和兴趣，是对我们100%控制的物业的重大近期发现潜力的有力认可。Juggernaut将拥有仅为62,447,452股的紧凑资本结构，没有债务，拥有约5,000,000美元的强大现金状况。因此，我们处于有利地位，可以推进我们的钻探迈达斯、帝国和宾果总计约6000米的计划。我们满怀期待地期待着执行首次钻探和勘探计划，并报告结果。“
About Crescat Capital LLC
关于新月资本有限责任公司
Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat's goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. The company's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, Large Cap and Precious Metals funds.
克雷斯卡特是一家全球宏观资产管理公司，总部位于科罗拉多州丹佛市。克雷斯卡特的使命是通过部署基于专有价值驱动的股票和宏观模型的战术性投资主题，实现长期增长和保护财富。克雷斯卡特的目标是在与普通基准相关性较低的完整商业周期中获得行业领先的绝对和风险调整后的回报。该公司的投资过程涉及一系列资产类别和策略，以协助每个客户的独特需求和目标，包括Global Macro、Long/Short、Large Cap和贵金属基金。
Crescat is advised by its technical consultant, Dr. Quinton Hennigh on investments in gold and silver resource companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of exploration experience with major gold mining firms that include Homestake Mining, Newcrest Mining and Newmont Mining. Among his notable project involvements are First Mining Gold's Springpole gold deposit in Ontario, Kirkland Lake Gold's acquisition of the Fosterville Gold Mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One's Tuvatu gold project in Fiji, among many others.
Cresat的技术顾问Quinton Hennigh博士为其在黄金和白银资源公司的投资提供咨询。亨尼博士在科罗拉多矿业学院获得地质学/地球化学博士学位后，成为了一名经济地质学家。他在包括Homestake矿业公司、Newcrest矿业公司和纽蒙特矿业公司在内的主要黄金开采公司拥有30多年的勘探经验。他参与的著名项目包括：First Mining Gold在安大略省的SpringPole金矿、Kirkland Lake Gold收购澳大利亚的Fosterville金矿、怀俄明州的Rattlesnake Hills金矿以及Lion One在斐济的Tuvatu金矿项目等。
On receipt of Exchange approval, the Company will issue 19,000,000 $0.16 Flow-Through Units ("FT Units"), each FT Unit consisting of 1 flow-through common share of the Company, and 1 common share purchase warrant exercisable for an additional common share at $0.20 for two years, for total gross proceeds of $3,040,000. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
于收到交易所批准后，本公司将发行19,000,000元0.16元流动单位(“FT单位”)，每个FT单位由1股本公司流动普通股及1份普通股认购权证组成，每股额外普通股可按0.20元行使，为期两年，总收益为3,040,000元。根据《所得税法》(加拿大)的规定，FT单位将使持有者有权获得适用于流通股的税收优惠。
Subject to regulatory approval, the Company will pay finders' fees in cash and broker warrants as permitted by the policies of the TSX Venture Exchange.
如获监管机构批准，本公司将在多伦多证券交易所创业板政策允许的情况下，以现金和经纪认股权证的形式支付发现人费用。
All securities issued pursuant to this financing will be subject to a four-month plus one-day hold.
根据这一融资发行的所有证券将受到四个月加一天的持有期限。
About Juggernaut Exploration Ltd.
关于巨人勘探有限公司。
Juggernaut Exploration Ltd. is a precious metals project generator in the geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of northwestern British Columbia encompassing the Golden Triangle.
Juggernaut Explore Ltd.是一家位于加拿大地缘政治稳定管辖区的贵金属项目生产商，专注于围绕金三角的不列颠哥伦比亚省西北部丰富的地质背景。
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所创业板交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
FORWARD LOOKING STATEMENT
前瞻性陈述
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 THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
本新闻稿中的某些披露可能构成前瞻性陈述，受到与Juggernaut业务有关的许多风险和不确定因素的影响，这些风险和不确定性可能会导致未来的结果与那些前瞻性陈述中明示或暗示的结果大不相同，包括它完成预期的定向增发的能力。告诫读者不要过度依赖这些声明。不得在美国境内传播或向美国人传播或向美国新闻通讯社分发。本新闻稿不构成出售或邀请购买其中所述任何证券的要约。
CONTACT: For more information, please contact Juggernaut Exploration Ltd. Dan Stuart President, Director, and Chief Executive Officer 604-559-8028 info@juggernautexploration.com
如需更多信息，请联系董事公司首席执行官丹·斯图尔特·总裁。