Juggernaut Files to Close First Tranche Financing with Continued Support BY Both Crescat Capital & Dr. Quinton Hennigh Technical Advisor
JUGGERNAUT FILES TO CLOSE FIRST TRANCHE FINANCING WITH CONTINUED SUPPORT BY
BOTH CRESCAT CAPITAL & DR. QUINTON HENNIGH TECHNICAL ADVISOR
Vancouver, British Columbia – November 20TH, 2023 – Further to the news release of
November 6, 2023, Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the
“Company” or “Juggernaut”) is pleased to announce the Company has filed documents with
the TSXV Exchange (“TSXV”) for approval to close the first tranche of its non -brokered
financing for 1 2,092,616 units. Crescat Capital LLC (“Crescat”) and Dr. Quinton Hennigh
personally have subscribed to this institutionally supported financing. This is a follow -on
investment by Crescat, previously announced on May 12 th, 2023 (Link to May 12th 2023 news).
Post-closing of this financing, Crescat will retain a sig nificant portion of the company , and
Juggernaut welcomes this additional strategic investment. Dr. Quinton Hennigh has long
provided his technical support to the projects , and the Company looks forward to his
continuing guidance . Juggernaut’s projects continue to garner strong interest and support
from leading institutions and miners alike globally, confirming the quality of its three fully
permitted, 100% controlled, drill-ready projects, Midas, Empire, and Bingo, located in world-
class geologic terrane of Northwestern British Columbia encompassing the Golden Triangle.
Dr. Quinton Hennigh is a special technical advisor to the Company and technical and geologic
director of Crescat. Dr. Hennigh is a world-renowned exploration geologist with more than 30
years of experience, including with major gold mining firms Homestake Mining, Newcrest
Mining, and Newmont Mining.
Dr. Hennigh stated, “Juggernaut had a very successful exploration season in 2023. Over the
past couple of years, the Company’s exploration team diligently accumulated high-quality data
to define drill targets with maximum chance of success at the flagship Midas precious metal -
rich VMS project near Terrace, BC. That work paid off this year when Juggernaut encountered
long intervals of stockwork feeder mineralization displaying considerable sulfides , including
chalcopyrite. This program has confirmed the presence of a sizable, strong VMS system at
Midas. We anxiously await results from this encouraging drill program.”
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Dan Stuart, Director, President, and CEO of Juggernaut, states:
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“We are pleased to strengthen our ongoing relationship with both Crescat Capital as a
strategic investor and Dr. Hennigh as a Special Technical Advisor and personal investor. We
look forward to continuing to work with our 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 investment and continued
strategic partnership, coupled with the ongoing support and interest from other globally
recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates
the significant near-term discovery potential of our 100% controlled properties. Post financing,
Juggernaut will have a tight capital structure of just 7 7,941,760. As such, we are well-
positioned to move forward with our plans of further drilling on Midas, Empire , and Bingo .
With much anticipation, we look forward to releasing drill results once received, complied
with, and interpreted by the technical team.
The Company may pay finder's fees of the gross proceeds from the financing in cash and
compensation options on units being sold. This non-brokered private placement is subject to
TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares
issued pursuant to the exercise of warrants will be subject to a four-month hold period from
the closing date.
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
Ph.D. in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years
of exploration experience with major gold mining firms, including Homestake Mining,
Newcrest Mining, and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp
and is serving as Chairman. Among his notable project involvements are First Mining Gold’s
Springpole gold deposit in Ontario, Kirkland Lake Gold’s acquisition of the Fosterville Gold
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Mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold
project in Fiji, among many others.
The use of proceeds from this financing is for an option payment requirement related to
Bingo, Due Dec 30th, 2023; Bingo is located next door to our sister company, Goliath Resources
Surebet Discovery. Bingo contains the same world- class geological units , including Hazelton
Volcanics and related s ediments and intrusives, as well as completion of Midas and Empire
interpretation and general working capital.
The funding will consist of up to 15,400,000 units (“Units”), priced at $0.13 each for gross
proceeds of up to $2,002,000. Each Unit will consist of one common share plus one warrant to
purchase one common share at $0.25 for a thirty-six-month period with a conversion option at
managements discretion “may” exercise at $1.00 upon 10 consecutive trading at or above.
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 encompassing the Golden Triangle.
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
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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.