Juggernaut Announces Strategic Investment BY Crescat Capital FOR 19.17% Ownership – Dr. Quinton Hennigh Technical Advisor
JUGGERNAUT ANNOUNCES STRATEGIC INVESTMENT BY
CRESCAT CAPITAL FOR 19.17% OWNERSHIP
–
DR. QUINTON HENNIGH TECHNICAL ADVISOR
Vancouver, British Columbia – April 3 rd 2023 – Juggernaut Exploration Ltd. (TSX-V: JUGR)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce a non-
brokered flow through financing of up to $3.0 million dollars. Crescat Capital LLC (“Crescat”) has
agreed to make a strategic investment representing a 19.17% 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.
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.
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."
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The flow through funding will consist of up to 18,750,000 flow through units (“FT Units”), priced
at $0.16 each for gross proceeds of up to $3,000,000. Each FT Unit will consist of one flow-
through common share plus one warrant to purchase one non flow-through common share at
$0.20 for a twenty-four month period with no forced conversion. Upon completion of the flow
through offering that is projected to close on or before May 15th, Crescat has agreed to acquire
a majority of these units representing a 19.17 % ownership in the Company post financing.
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Directors and officers of the company may acquire securities under the placement, which
participation would be considered to be a “related party transaction” as defined under
Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from
the formal valuation and minority shareholder approval requirements of MI 61-101.
Mr. Dan Stuart, Director, President, and CEO of Juggernaut states:
“We are pleased to strengthen 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. Post financing, Juggernaut will have a tight capital structure of just
62,197,452 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.”
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 PhD
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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. Recently, Dr. Hennigh founded Novo Resources Corp and is
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 on Fiji, among
many others.
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
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
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PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE
ANY SECURITIES DESCRIBED IN IT.