Juggernaut Closes Non-Brokered Financing
JUGGERNAUT CLOSES NON-BROKERED FINANCING
Vancouver, British Columbia – March 20, 2020 – Juggernaut Exploration Ltd. (TSX -V: JUGR) (OTCQB: JUGRF)
(FSE: 4JE) (the “Company” or “Juggernaut”) reports that further to its March 5, 2020 news release, the
Company has filed for final approval of its previously announced financing (the “Financing”) from the TSX
Venture Exchange (the “Exchange”).
The Company has issued 120,000 $0.28 flow- through units (“FT Units”), each FT Unit being comprised of 1
flow-through common share of the Company and 1 common share purchase warrant, each warrant being
exercisable for an additional common share of the Company at $0.56 for 12 months, subject to the right of
the Company to accelerate the exercise period to 30 days should the closing price of common shares of the
Company be at or above $1.12 for 10 consecutive trading days.
The Company has also issued 957,000 hard -dollar units (“Units ”), each Unit being comprised of 1 common
share of the Company and 1 common share purchase warrant, each warrant being exercisable for an
additional common share of the Company at $0.40 for 24 months, subject to the right of the Company to
accelerate the exercise period to 30 days should the closing price of common shares of the Company be at or
above $0.80 for 10 consecutive trading days.
5 Investors subscribing for a total of 160, 000 Units for gross proceeds of $32,000 relied on the MI 45 -321
Suitability of Advice Exemption.
In accordance with Exchange policies, finders’ fees cash commission of $7,740 have been paid and 1,200
flow-through unit broker-warrants and 37,020 hard-dollar unit broker-warrants have been issued.
Proceeds from the Financing will be used for mineral exploration projects 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.