Juggernaut Closes First Tranche of Non-Brokered Unit Financing
JUGGERNAUT CLOSES FIRST TRANCHE OF NON-BROKERED UNIT FINANCING
Vancouver, British Columbia – February 28, 2020 – Juggernaut Exploration Ltd. (TSX -V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce that it has filed documents
with the TSX Venture Exchange (the “Exchange”) seeking conditional approval for its flow-through and
hard dollar unit financing.
Subject to Exchange approval, t he Company will issue up to 1,428,571 $0.28 Flow -Through Units (the
“FT Units”) for gross proceeds of up to $400,000, each FT Unit being comprised of 1 flow -through
common share and 1 common share purchase warrant, each warrant entitling the holder to purchase
an additional common share of the Company for $0.56 for a period of 12 months, subject to the right
of the Company to accelerate the exercise period to 30 days should shares of the Company have a closing
price equal to or higher than $1.12 for 10 consecutive trading days, and up to 7,500,000 $0.20 Hard
Dollar Units (the “HD Units”) for gross proceeds of up to $1,500,000 , each HD Unit being comprised of 1
common share and 1 common share purchase warrant, each warrant entitling the holder to purchase an
additional common share of the Company for $0.40 for 24 months, subject to the right of the Company
to accelerate the exercise period to 30 days should shares of the Company have a closing price equal to
or higher than $0.80 for 10 consecutive trading days.
Finders Fees in accordance with TSX Venture Exchange policies may be payable on the financing.
Funds from the financing will be used for mineral project exploration and general working capital
purposes.
All securities issued pursuant to the offering (including warrants issued to finders), as well as any
shares issued pursuant to the exercise of warrants, will be subject to a four-month hold period from the
closing date.
For more information please contact:
Juggernaut Exploration Ltd.
Mr. Dan Stuart
President and Chief Executive Officer
Tel: (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.