Puma Exploration closes the asset purchase agreement with Votorantim Metals Canada Inc.
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PRESS RELEASE
Puma Exploration closes the asset purchase agreement with Votorantim Metals Canada Inc.
Rimouski, February 24, 2017 – Puma Exploration Inc. (the “Company” or “Puma”) is pleased to announce t hat it has
closed the asset purchase agreement (the “Transaction”) with Votorantim Metals Canada Inc. and acquired approximately
67.9% beneficial interest in the Murray Brook zinc- lead-copper-silver volcanogenic massive sulphide (V MS) deposit
located in the famous Bathurst mining camp of north ern New Brunswick (see news release 2016-10-13). Th e Murray
Brook property consists of mining lease 252 and con tiguous mineral claim block 4925 (245 claims) locat ed four
kilometres west of the producing Caribou mine which is owned and operated by Trevali Mining Corp.
Concurrent with the Transaction, Puma also complete d the acquisition of Murray Brook Minerals Inc. (“M BM”) and a
second tranche of its private placement for additional gross proceeds of $555,000 (see news release 2017-02-01).
Murray Brook Minerals Acquisition
Puma has completed the acquisition of the privately owned mining exploration company MBM, whose assets include four
base metal (copper-zinc) properties in the Restigou che County. The MBM’s shareholders were issued 36,0 00,000
common shares of Puma (see news release 2016-12-07). MBM is now a wholly owned subsidiary of Puma.
Private Placement
Puma closed the second tranche of a private placeme nt (the “Offering”) with qualified investors, emplo yees, consultant
and existing security holders for gross proceeds of $555,000 and issued 7,928,569 units (each a “Unit” ) at the price of
$0.07 per Unit. Each Unit comprises one common sha re and one full common share purchase warrant. Each warrant
gives its holder the right to purchase one common s hare at a price of $0.15 per share until February 2 4, 2019.
Management and insiders of the Company have subscribed 1,354,285 Units for an amount of $94,800.
In connection with the Offering, the Company paid cash finder's fees of $14,840 and issued 212,000 finder's warrants that
entitle the holder to acquire one additional common share of Puma at a price of $0.07 for 24 months.
All securities issued to purchasers and finder unde r the Offering are subject to a four-month hold per iod from the date of
issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The
proceeds of the Offering will be used for the exploration and development of Puma's properties in New Brunswick and for
general corporate purposes.
All transactions described herein have received the conditional approval of the TSX Venture Exchange.
About Puma Exploration
Puma is a Canadian mineral exploration company with advanced precious and base metals projects in Cana da. The
Company's other major assets are the Turgeon Zinc-Copper Project, the Nicholas-Denys Project in New Brunswick and an
equity interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Pu ma’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.
PUM TSXV
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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.