Suche
 
Folgen Sie uns auf:

Juggernaut Update on Midas Property

30.10.2020  |  GlobeNewswire

VANCOUVER, Oct. 30, 2020 - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce amended terms for the 100% controlled Midas property. All future cash payments totalling $3,000,000 have been removed entirely and as per the existing agreement, the issuance of 8,200,000 shares by March 30, 2023, have been reduced significantly to 1,700,000 shares and warrants. $11,500,000 in exploration costs to be incurred by December 31, 2025, has been reduced to $500,000 in aggregate on the Empire and/or Midas properties by December 15, 2022. The issuance of 4,100,000 shares on March 30th 2027 has been amended to completion of feasibility on the Midas property by December 15, 2029 (optional). The warrants issued are to be exercisable at the Market Price (as defined in the policies of the TSX Venture Exchange) as of the date of this news release for 60 months from their date of issuance, and all warrants will be subject to escrow provisions. All other terms of the agreement will remain un-amended.

Dan Stuart, President and CEO of Juggernaut states:

“Juggernaut continues to secure precious metal assets for the long term in geopolitically stable regions that are drill ready while simultaneously limiting dilution for shareholders.”


For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

President and Chief Executive Officer
Tel: (604)-559-8028
www.juggernautexploration.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION 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.

FORWARD LOOKING STATEMENT

Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Juggernaut Exploration Ltd.
Bergbau
A2PTXU
CA48132D2005
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"