PUMA to Increase Visibility and Improve Shareholder Communications
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA TO INCREASE VISIBILITY AND IMPROVE SHAREHOLDER COMMUNICATIONS
Rimouski, December 17th, 2019 – Puma Exploration Inc. (the “Company” or “Puma” ) is pleased to
announce the launch of a marketing and communication program which will be coordinated by Rapha ël
Fournier. Mr Fournier has been a director of Puma since 2018 and is currently the Chairman of the Audit
Committee.
The main objective of the program is to increase the market visibility and the recognition of the company
as a leader in exploration in the Bathurst Mining Camp of New Brunswick for the last 15 years. Mr. Fournier
will enhance the synergy between all marketing and communications stakeholders and available tools
such as the advertising products and publications , social media and web site updates , and the overall
communications with shareholders.
PUMA EXPLORATION CLOSES FIRST TRANCHE OF $333,000 PRIVATE PLACEMENT
In this first tranche, the Company has raised a total of $333,000 for the issuance of 1,850,000 flow-through
units (“FT Units”) at a price of $0.18 per FT Unit. Each flow -through unit comprises one flow -through
common share and one -half of one common share purchase warra nt. Each full warrant gives its holder
the right to purchase one common share at a price of $0.35 per share until December 13, 2021. Up to an
additional $667,000 is expected to be raised by the Company in additional tranche closings for aggregate
gross proceeds of the Offering of up to $1,000,000.
In connection with the private placement, the company has paid cash finders' fees in the amount of $25,200
and issued 140,000 finders' warrants, each entitling the holder to acquire one additional common share of
Puma at a price of $0.18 for a period of twenty-four months. All securities issued to purchasers and finders
under the offering are subject to a four -month holding period from the date of issuance of the securities,
pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement
has received the conditional approval of the TSX Venture Exchange. The proceeds of the offerings will be
used for the exploration and development of Puma's properties in New Brunswick . Currently, a major
trenching and stripping program is in progress at the Chester Copper property.
MARKET STABILIZATION AND LIQUIDITY SERVICES
Puma has, subject to regulato ry approval, retained Mackie Research Capital Corporation to initiate its
market making service to provide market making services to the Company in compliance with the policies
and guidelines of the TSX Venture Exchange and other applicable legislation.
Mackie will trade shares of Puma Exploration on the TSXV for the purposes of maintaining a reasonable
market and improving the liquidity of Puma's common shares. The agreement between Mackie and the
Company is for one year term and the Company has agreed to pay Mackie $ 4,000 per month during the
term, payable quarterly in advance. The engagement may be terminated by either party with written notice
of 30 days.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
The Company and Mackie act at arm's length, but Mackie may provide investment banking services to
Puma and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of Puma.
The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's
common shares and is not a formal market making agreement. There are no performance factors
contained in the agreement between Mackie and the Company and Mackie will not receive any shares or
options from the Company as compensation for services it will render.
NOMINATION OF RAPHAËL FOURNIER AS DIRECTOR OF CORPORATE COMMUNICATIONS
Considering the growing need for public compan ies to keep their investors informed as well as the need
to increase the visibility of Puma, senior management has appointed Mr. Fournier as Director of Corporate
Communications. In collaboration with external partners of Puma, Mr. Fournier will have the mandate to
increase the visibility of the company, while increasing the efficiency of communications, both internally
and externally. In line with the company’s DEAR strategy, Mr. Fournier will also standardize the corporate
image and branding of Puma.
Raphaël Fournier graduated with a Bachelor of Business Administration degree (B.A.A.) in 2000 from the
Université du Québec à Rimouski (UQAR). He also holds a certificate in Environmental Science obtained
in 2016. From 2000 to 2002, he acted as Data Management Analyst at the Laurentian Bank of Canada
Head Office. From 2005 to 2008, he worked for Desjardins Group as a Financial Advisor. For the period
of 2007 to 2013, he was president and CEO of the privately held firm Groupe BRF. Since 2010, he has
been conducting compliance audits in various fi elds of activity on behalf of the Bureau de Normalisation
du Québec (BNQ).
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious and base metals
projects in early to advanced stages. While our priority remains to finalize the acquisition of the Murray
Brook project in New Brunswick, great efforts will be made by the Company in the coming years to deploy
its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum
value for shareholders.
QUALIFIED PERSONS AND QC/AC
Technical information provided in this news release was prepared and reviewed by Marcel Robillard,
P.Geo., qualified person as defined by NI 43 -101. Neither TSX Venture Exchange nor its Regulati on
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. Mr. Robillard is not independent of the
Company, as he is President of Puma Exploration.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President
(418) 724-0901
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-
looking statements involve a number of known and unknown risks, uncer tainties and other factors which
may cause the actual results, performance or achievements of Puma to be materially different from actual
future results and achievements expressed or implied by such forward -looking statements. Readers are
cautioned not to place undue reliance on these forward -looking statements which speak only as of the
date the statements were made, except as required by law. Puma undertakes no obligation to publicly
update or revise any forward -looking statements. These risks and uncerta inties are described in the
quarterly and annual reports and in the documents submitted to the securities administration.