Le Lézard
Classified in: Mining industry
Subject: MISCELLANEOUS

Juggernaut Update on Empire Property


VANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut") is pleased to announce amended terms for the 100% controlled Empire property. All future cash payments totalling $3,500,000 have been removed entirely and as per the existing agreement, the issuance of 4,100,000 shares by March 30, 2021, have been reduced significantly to 1,700,000 shares and warrants. $11,500,000 in exploration costs to be incurred by December 31, 2023, has been reduced to $500,000 in aggregate on the Empire and/or Midas properties by December 15, 2022. As per the existing agreement, the issuance of 4,100,000 shares upon the completion of feasibility on the Empire property by March 30, 2025 has now been extended to December 15, 2027 (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.


These press releases may also interest you

28 mar 2024
Discovery Silver Corp. ("Discovery" or the "Company") today announced financial results for the three and twelve months ended December 31, 2023 ("Q4 2023" and "2023", respectively). The Company also provided a summary of key events since the...

28 mar 2024
Osisko Development Corp. ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023"). Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090...

28 mar 2024
Kootenay Silver Inc. ("Kootenay" or the "Company") is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus with the securities regulators in each province and territory of Canada....

28 mar 2024
Robex Resources Inc. ("Robex" or the "Company") announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29,...

28 mar 2024
Denison Mines Corp. ('Denison' or the 'Company') is pleased to announce that it has filed its 2023 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission ('SEC').  Denison's Form 40-F includes its management discussion and...

28 mar 2024
Cool Company Ltd. ("CoolCo" or the "Company") announces that it has filed its Form 20-F for the year ended December 31, 2023 with the Securities and Exchange Commission (SEC) in the U.S. Form 20-F can be downloaded from the link below, is available...



News published on and distributed by: