Puma Exploration announces the first closing of private placement offering for $400,050
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PUM TSXV
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PRESS RELEASE
Puma Exploration announces the first closing of private placement offering for $400,050
Rimouski, February 01 th , 2017 – Puma Exploration (PUM-TSXV) announce the first closing of private placement offering
with qualified investors, employees, consultant and existing security holders in the amount of $400,05 0. With this
placement, Puma Exploration issued 5,715,000 common shares at the price of $0.07 per share and 5,715,0 00 warrants.
Each full warrant gives its holder the right to purchase one common share at a price of $0.15 per share until February 01 th ,
2019.
In connection with this private placement, the Comp any has paid cash finder's fees in an amount of $8, 148 and issued
116,400 finder's warrants will entitle holder to ac quire one additional common share of Puma at a pric e of $0.07 for 24
months.
All securities issued to purchasers and finders under the Offering are subject to a four-month hold pe riod from the date of
issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange.
These placements have received the conditional appr oval of the TSX Venture Exchange. The proceeds of t he Offerings
will be used for the exploration and development of Puma's properties in New Brunswick and for general purposes of the
company.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals proj ects in
Canada. The Company's major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New
Brunswick and an equity interest in Black Widow Res ources related to the Little Stull Lake Gold Projec t in Manitoba.
Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick. Canada.
Learn more by clicking here: www.pumaexploration.com
The contents of this press release were prepared by Marcel Robillard, a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Excha nge) accepts responsibility for the adequacy or
accuracy of this release.
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For further information on Puma Exploration, contact:
Marcel Robillard, President
Puma Exploration More information
(418) 724-0901 Toll free: (800) 321-8564
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-lo oking
statements involve a number of known and unknown ri sks, uncertainties and other factors which may caus e the actual
results, performance or achievements of Puma Explor ation Inc. to be materially different from actual f uture results and
achievements expressed or implied by such forward-l ooking statements. Readers are cautioned not to pla ce undue
reliance on these forward-looking statements which speak only as of the date the statements were made, except as
required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements.
These risks and uncertainties are described in the quarterly and annual reports and in the documents s ubmitted to the
securities administration.