Juggernaut Closes $3,040,000 Financing with Crescat Capital as Lead Investor
JUGGERNAUT CLOSES $3,040,000 FINANCING WITH
CRESCAT CAPITAL AS LEAD INVESTOR
Vancouver, British Columbia – May 15th 2023 – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE:
4JE) (the “Company” or “Juggernaut”) further to its May 12 th, 2023 news release, Juggernaut is pleased to report
that it has received TSX Venture Exchange approval to close its non -brokered private placement financing (the
“Financing”) for aggregate gross proceeds of $3,040,000. The use of funds from th is financing will be to drill ~6000
meters on Juggernaut’s 100% controlled Midas, Empire and Bingo properties targeting prolific high grade Gold and
Copper at surface.
The Company has issued 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 from the date of issuance, for total gross proceeds of $3,040,000.
In connection with the Financing the Company has paid the following finders’ fees in cash and broker warrants:
• West Harbour Capital - $32,400 cash, 324,000 non-transferable broker warrants
• Echelon Wealth Partners - $1,800 cash, 18,000 non-transferable broker warrants
All securities issued pursuant to this financing will be subject to a four-month plus one-day hold.
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.
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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.
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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.