Juggernaut Exploration Closes Bought Deal Private Placement for Gross Proceeds of C$11.5M

Executive Summary

• Juggernaut Exploration Ltd. closed its bought‑deal private placement, raising approximately C$11.5 million in gross proceeds.
• The offering consisted of 4,492,187 units at $2.56 per unit, each unit containing one common share and half a warrant to purchase an additional share at C$2.08 (exercisable for 24 months).
• Proceeds will be used to fund Canadian‑eligible exploration expenses on the Big One Project in British Columbia, with expenditures incurred by 31 Dec 2027 and tax‑credit renunciations completed by 31 Dec 2026.

Key Details

• Units Issued: 4,492,187 units @ C$2.56 per unit → Gross proceeds ≈ C$11.5 M.
• Unit Composition: 1 common share (FT Share) + 0.5 common‑share purchase warrant (exercise price C$2.08).
• Warrant Terms: Each whole warrant allows purchase of one common share at C$2.08; exercisable for 24 months from issuance date.
• Underwriter: Stifel Canada – sole bookrunner and lead underwriter.
• Cash Commission Paid to Underwriter: C$689,999.92 (paid from existing cash, not from proceeds).
• Broker Warrants Granted: 269,531 non‑transferable warrants; each confers the right to buy one common share at C$1.81 for 24 months; subject to a hold period of 4 months + 1 day.
• Use of Proceeds: To incur Canadian exploration expenses, critical‑mineral exploration tax credit expenditures, and BC flow‑through mining expenditures on the flagship Big One Project. All qualifying expenditures must be incurred by 31 Dec 2027 and renounced to subscribers no later than 31 Dec 2026.
• Regulatory Status: Offering approved by TSX Venture Exchange; units issued under NI 45‑106 listed‑issuer financing exemption, thus no hold period for purchasers in Canada (except broker warrants).

Notable Quotes

(No direct quotes were provided in the release.)