Juggernaut Files FOR Final Approval of Oversubscribed Financing
JUGGERNAUT FILES FOR FINAL APPROVAL OF OVERSUBSCRIBED FINANCING
Vancouver, British Columbia – May 30, 2025 – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”), further to its April 14th, April 23rd, April 25th 2025,
and May 15, 2025, news releases, the Company is pleased to announce that it has filed documents with
the TSX Venture Exchange (the “Exchange”) seeking final approval to close its private placement
financing (the “Financing”) for aggregate gross proceeds of $10,362,735.
The Company is seeking approval to close the Financing with this second and final tranche, issuing
2,040,000 $0.825 charity flow -through units (“CFT Units”), with each CFT Unit consisting of 1 flow -
through common share of the Company and 1 common share pur chase warrant, each warrant being
exercisable at $0.75 for 5 years, subject to the right of the Company to accelerate the exercise period
to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10
consecutive trading days, for aggregate gross proceeds of $1,683,000.
On May 16, 2025 the Company closed the first tranche of the Financing, issuing 9,308,770 CFT Units,
and 2,000,000 $0.50 non-flow-through units (“NFT Units”), each NFT Unit consisting of 1 common share
and 1 common share purchase warrant, each warrant being exercisable at $0.75 for 5 years, subject to
the right of the Company to accelerate the exercise pe riod to 30 days if, after the 4- month hold has
expired, shares of the Company close at or above $1.50 for 10 consecutive trading days , for aggregate
gross proceeds of 8,679,735.
The proceeds will be used to explore Juggernaut's properties located in Northwestern B.C. and for
general working capital.
Cash finders’ fees totaling $221,963 have been paid and 439,925non-transferable broker warrants have
been issued in accordance with TSXV Polices. All securities issued in the first tranche closing are subject
to a 4-month-plus-one-day hold, expiring September 17, 2025, and all securities issued in the second
tranche closing are subject to a 4-month-plus-one-day hold expiring October 2, 2025.
One insider subscribing for 2,000,000 NFT Units, a “related party transaction” as defined under
Multilateral Instrument 61- 101 (“MI 61 -101”), is exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific
Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and
geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active
2
supporter of CASERM, an organization representing a collaborative venture between the Colorado
School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat
Capital.
For more information, please contact
Juggernaut Exploration Ltd.
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
www.juggernautexploration.com
Qualified Person
Rein Turna P. Geo is the independent qualified person as defined by National Instrument 43- 101, for
Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved,
the technical information in this release.
Grab samples are selected samples and may not represent true underlying mineralization.
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 disclosures 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.