Juggernaut Closes Its Non-Brokered Financing as Crescat Capital Completes Its Strategic Investment IN the Company
JUGGERNAUT CLOSES ITS NON-BROKERED FINANCING AS CRESCAT CAPITAL COMPLETES ITS
STRATEGIC INVESTMENT IN THE COMPANY
Vancouver, British Columbia – March 5, 2021 – Juggernaut Exploration Ltd. (TSX-V: JUGR)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report that it has
closed its previously announced (see news releases dated February 8, 2021, February 22,
2021, and March 1, 2021) private placement financing (the “Financing”). Crescat Capital LLC
(“Crescat”) has made a strategic investment representing a 9.90% ownership of the Company
and will have the option to participate in future financings to maintain its interest level for a
three-year period from today. Dr. Quinton Hennigh has been appointed as a technical advisor
to the Company. View Juggernaut video by clicking here.
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
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. 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. Juggernaut’s 4 properties are 100% controlled containing original discoveries with
exposure to gold, silver, and base metals.
The Company has issued 10,000,000 $0.25 non-flow-through units (“NFT units”), each NFT unit
consists of 1 common share of the Company and 1 common share purchase warrant
exercisable for an additional common share at $0.375 for 2 years, and 7,888,324 flow-through
units (“FT Units”), each FT unit consists of 1 flow-through common share of the Company, and
1 common share purchase warrant exercisable for an additional common share at $0.375 for
two years, for total gross proceeds of $5,300,000.
Finder’s fees, cash, and broker warrants, have been paid in accordance with exchange policy in
relation to the financing and all securities issued pursuant to the financing are subject to a 4-
month hold expiring July 4, 2021.
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“We are pleased to welcome both Crescat Capital as a strategic investor and Dr. Hennigh as a
Special Technical Advisor and investor. I look forward to working with our new 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 significant investment of $5,300,000 and strategic partnership, coupled
with the ongoing institutional support and interest from senior miners, is a strong
endorsement that clearly demonstrates the significant near-term discovery potential of our
four 100% controlled properties. With less than 39M shares issued and outstanding, no debt,
and a strong cash position, we are well positioned to move forward with exploration and
drilling programs on our properties this summer. With much anticipation, we look forward to
executing the inaugural drill and exploration programs and reporting results.”
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.