Juggernaut Announces Strategic Financing with Continued Support BY Both Crescat Capital & Dr. Quinton Hennigh Technical Advisor
JUGGERNAUT ANNOUNCES STRATEGIC FINANCING WITH CONTINUED SUPPORT BY BOTH
CRESCAT CAPITAL & DR. QUINTON HENNIGH TECHNICAL ADVISOR
Vancouver, British Columbia – November 6th, 2023 – Juggernaut Exploration Ltd. (TSX-V: JUGR)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce a non-
brokered financing of up to $2M dollars. Crescat Capital LLC (“Crescat”) has agreed to purchase
385,000 units in conjunction with Dr. Quinton Hennigh personally to subscribe for 154,000 units
in this institutionally supported financing. This is a follow -on investment by Crescat Capital,
previously announced on May 12 th, 2023 (Link to May 12 th 2023 news) . Post-closing of th is
financing, Crescat Capital will retain a significant portion of the company. Juggernaut welcomes
this additional 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 globally, confirming the quality of its three fully permitted, 100%
controlled, drill-ready projects, Midas, Empire, and Bingo, located in world-class geologic
terrane of Northwestern British Columbia encompassing the Golden Triangle.
Dr. Quinton Hennigh is a special technical advisor to the Company and technical and geologic
director of Crescat. 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.
Dr. Hennigh stated, “Juggernaut had a very successful exploration season in 2023. Over the past
couple of years, the Company’s exploration team diligently accumulated high -quality data to
define drill targets with maximum chance of success at the flagship Midas precious metal -rich
VMS project near Terrace, BC. That work paid off this year when Juggernaut encou ntered long
intervals of stockwork feeder mineralization displaying considerable sulfides , including
chalcopyrite. This program has confirmed the presence of a sizable, strong VMS system at
Midas. We anxiously await results from this encouraging drill program.”
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The funding will consist of up to 15,400,000 units (“Units”), priced at $0.13 each for gross
proceeds of up to $2,002,000. Each Unit will consist of one common share plus one warrant to
purchase one common share at $0.25 for a thirty-six-month period with a conversion option at
managements discretion “may” exercise at $1.00 upon 10 consecutive trading at or above .
Completion of the offering is projected to close on or before November 20th, 2023.
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Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:
“We are pleased to strengthen our ongoing relationship with both Crescat Capital as a strategic
investor and Dr. Hennigh as a Special Technical Advisor and personal investor. We look forward
to continuing to work 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 continued 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. Post financing, Juggernaut will
have a tight capital structure of just 77,941,760. As such, we are well-positioned to move
forward with our plans of further drilling on Midas, Empire, and Bingo. With much anticipation,
we look forward to releasing drill results once received, complied with, and interpreted by the
technical team
The Company may pay finder's fees of the gross proceeds from the financing in cash and
compensation options on units being sold. This non-brokered private placement is subject to
TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued
pursuant to the exercise of warrants will be subject to a four-month hold period from the closing
date.
About Crescat Capital LLC
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.
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 Ph.D.
in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of
exploration experience with major gold mining firms, including Homestake Mining, Newcrest
Mining, and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp and is
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serving as Chairman. 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.
The use of proceeds from this financing is for an option payment requirement related to Bingo,
Due Dec 30th, 2023; Bingo is located next door to our sister company, Goliath Resources Surebet
Discovery. Bingo contains the same world -class geological units , including Hazelton Volcanics
and related sediments and intrusives, as well as completion of Midas and Empire interpretation
and general working capital.
About Juggernaut Exploration Ltd.
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.
For more information, please contact
Juggernaut Exploration Ltd.
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
www.juggernautexploration.com
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.
FORWARD LOOKING STATEMENT
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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.