Juggernaut Closes Non-Brokered Private Placement Financing
JUGGERNAUT CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING
Vancouver, British Columbia – February 7 , 2020 – Juggernaut Exploration Ltd. (TSX -V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce that further to its press
release on January 31, 2020, the Company has closed the $0.20 unit financing, being the only and final
tranche for gross proceeds of $619,800.
The Company will issue 3,099,000 Units (the “Units”), each 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 a period of 24 months.
In connection with the financing, the Company will pay cash finders’ fees totaling $ 13,308.00 to various
finders and issue 66,540 broker warrants, such broker warrants being exercisable at $0.40 for a period of
24 months.
If, at any time four months after the date of completion of the offering, the company's shares have a
closing price equal to or higher than $0.80 per share for 10 consecutive trading days on the Exchange (as
defined herein), the company shall thereafter be entitled to give notice to the holders, by news
release, that such warrants will expire at 4:30 p.m. ET on that date which is 30 days after the date of
such news release, unless exercised before the expiry of that period.
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.
As announced on December 31, 2019, the Company closed a flow-through financing for gross proceeds of
$100,120. Funds from that financing and the current financing will be used for mineral project
exploration and general working capital purposes.
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 REG ULATION 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.