On May 12, 2023, Juggernaut Exploration Ltd. closed the transaction. The company amended the terms of the transaction. The company has now issued 19,000,000 flow-through units at an issue price of CAD 0.16 per unit for proceeds of CAD 3,040,000 in the transaction. The non-brokered private placement was met with significant interest from strategic institutions, industry professionals and UHNWI investors resulting in the financing being over-subscribed. Post the transaction, Crescat Capital LLC made a strategic investment representing a 19.7% ownership of the company on a partially diluted basis. The flow-through units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act. Subject to regulatory approval, the company will pay finders’ fees in cash and broker warrants as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to this financing will be subject to a four-month plus one-day hold. The company has filed documents with the TSXV Exchange for approval to close the financing.

The company has received TSX Venture Exchange approval to close its non-brokered private placement financing.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation 31 placees.