Puma Exploration - CEO, Marcel Robillard.
CEO, Marcel Robillard.
Source: YouTube.
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  • Puma Exploration (PUMA) has announced a C$5M marketed private placement
  • The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick
  • Desjardins Capital Markets is acting as sole agent on the offering, which is expected to close on or about December 15, 2021
  • Puma Exploration is a mineral exploration company with early to advanced-stage precious and base metal projects in New Brunswick’s Famous Bathurst Mining Camp
  • Puma Exploration (PUMA) closed down by 3.66 per cent trading at $0.395 per share

Puma Exploration (PUMA) has announced a C$5M marketed private placement.

Desjardins Capital Markets has agreed to sell up to 10,000,000 flow-through Puma common shares priced at $0.50 per share.

The company will use the proceeds to explore its Williams Brook Gold Project in New Brunswick.

It will incur Canadian exploration expenses which qualify as flow-through mining expenditures as defined in the Income Tax Act of Canada. It will renounce such qualifying expenditures with an effective date of no later than December 31, 2021.

Flow-through shares under the offering are available in each of the provinces and territories of Canada.

Closing is expected to occur on or about December 15, 2021.

Puma Exploration is a mineral exploration company with early to advanced-stage precious and base metal projects in New Brunswick’s Famous Bathurst Mining Camp.

Puma Exploration (PUMA) closed down by 3.66 per cent trading at $0.395 per share.

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