Juggernaut Exploration Ltd. announced a non-brokered private placement of up to 15,400,000 units at a price of CAD 0.13 per share for gross proceeds of up to CAD 2,002,000 on November 6, 2023. Each unit will consist of one common share and one warrant to purchase one common share at CAD 0.25 for a thirty-six-month period with a conversion option at managements discretion may exercise at CAD 1 upon 10 consecutive trading at or above. The completion of the offering is projected to close on or before November 20, 2023.

The transaction will include participation from returning investor Crescat Capital LLC for 385,000 units, and Quinton Hennigh for 154,000 units. The company may pay finder's fees of the gross proceeds from the financing in cash and compensation options on units being sold. The transaction is subject to TSX Venture Exchange approval.

All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.