Juggernaut Exploration Ltd. announced a non-brokered private placement of up to 8,000,000 hard dollar units at a price of CAD 0.125 per unit for the gross proceeds of CAD 1,000,000 on August 11, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable to purchase one common share of the company at CAD 0.20 for a 24 month period from the date of issuance.

The company may pay finder's fees equal to 6% of the gross proceeds from a portion of the financing in cash and 6% finder?s B-warrants equal to the number of units sold. All shares issued pursuant to the financing and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the issuance date. The transaction is subject to the approval by the Exchange.