Juggernaut Exploration Announces Bought Deal Private Placement Structured Flow-Through Financing for Gross Proceeds of C$10M

Executive Summary

• Juggernaut Exploration Ltd. entered into a bought‑deal private placement with Stifel Canada to sell 3,906,250 units at C$2.56 per unit for total gross proceeds of C$10 million.
• Each unit consists of one common share and half of a purchase warrant; the warrants allow acquisition of additional shares at C$2.08 for 24 months after closing.
• Proceeds are earmarked for Canadian‑eligible exploration expenses on the Big One Gold Project, with qualifying expenditures to be incurred by 31 Dec 2027 and renounced to investors by 31 Dec 2026.

Key Details

• Units Offered: 3,906,250 units (each = 1 FT common share + ½ purchase warrant).
• Offering Price: C$2.56 per unit → Gross Proceeds: C$10,000,000.
• Warrant Terms: Exercise price C$2.08; exercisable for 24 months after the closing date.
• Underwriter’s Option: Up to an additional 15% of units sold, exercisable up to 48 hours before closing.
• Closing Date: Expected on or about 19 Mar 2026, subject to TSX Venture Exchange approval and other conditions.
• Use of Proceeds: Fund Canadian exploration expenses, flow‑through critical mineral mining expenditures, and BC flow‑through mining expenditures for the Big One Gold Project; all qualifying spend to occur by 31 Dec 2027 with renunciation by 31 Dec 2026.
• Commission & Broker Warrants: Underwriter receives a cash commission of 6.0% of gross proceeds (paid from existing cash) and broker warrants equal to 6.0% of units sold, each warrant granting the right to purchase one common share at C$1.81 for 24 months post‑closing.
• Regulatory Framework: Offering made under NI 45‑106 Listed Issuer Financing Exemption; securities are flow‑through shares and not subject to a hold period.
• Re‑Offer Units: Some purchasers may donate or resell units on the closing date to qualified investors in Canada (excluding Quebec), the United States, or other jurisdictions under applicable exemptions.

Notable Quotes

(No direct quotes were provided in the release.)