Juggernaut Approved to Close Financing
JUGGERNAUT APPROVED TO CLOSE FINANCING
Vancouver, British Columbia – December 1, 2023 – Further to the November 30, 2023 news release,
Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is
pleased to announce the it has received approval from the TSX Venture Exchange (the “Exchange”) to close it s
previously ann ounced (November 6, 2023, Novem ber 20, 2023 and November 30, 2023) private placement
financing (the “Financing”), issuing 13,495,076 units (the “Units”) for aggregate gross proceeds of $1,754,360.
Each Unit consists of 1 common share of the Company and 1 common share purchase warrant (the
“Warrants”), each warrant bein g exercisable for an additional common share of the Company at an exercise
price of $0.25 for 36 months from the date of issue, subject to the right of the Company to accelerate the
exercise period to 30 days if, after the expiry of the 4 -month hold, share s of the Company close at or above
$1.00 for 10 consecutive trading days.
The Financing was effected with one insider, subscribing for $ 50,000.08 or 384,616 Units, that por�on of the
Private Placement a “related party transac�on” as such term is define d under MI 61 -101 – Protec�on of
Minority Security Holders in Special Transac�ons. The Company is relying on exemp�ons from the formal
valua�on requirement of MI-61-101 under sec�ons 5.5(a) and (b) of MI 61- 101 in respect of the transac�on as
the fair market value of the transac�on, insofar as it involves the interested party, is not more than 25% of the
Company’s market capitaliza�on.
The Company has paid cash finder’s fees totaling $12,129 and issued 93,300 non-transferable Broker Warrants
as follows: National Bank Financial - $904.80 cash and 6,960 Broker Warrants; PI Financial Corp. - $4,017 cash
and 30,900 Broker Warrants; Red Cloud Securities Inc. - $1,443 cash and 11,100 Broker Warrants; Haywood
Securities Inc. - $5,764.20 and 44,340 Broker Warrants. Broker Warrants are exercisable at $0.25 for 24
months from the date of issue.
All securities issued pursuant to this offering are subject to a four-month plus 1 day hold period from the date
of issuance.
Proceeds from this financing will be used for an option payment requirement related to Bingo , due Dec 30 th,
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.
Stock Options Granted
Subject to regulatory approval and pursuant to the Company’s stock option plan, it has granted 1,030,000
share purchase options in aggregate to officers/directors of the Company. Each option is exercisable for the
purchase of one common share of the Company at a unit price of $0.16 for a five year period.
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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 PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO
PURCHASE ANY SECURITIES DESCRIBED IN IT.