Puma Exploration Sees Colorado Firm Crescat Capital Take 60% Of Its $1.6 Million Financing

Puma Exploration Inc. (TSXV: PUMA) shared on Thursday night that it has recently closed its private placement financing that raised $1.6 million for the firm.

The offering was participated, as previously announced, by Colorado-based asset management firm Crescat Portfolio Management who made an investment amounting to $0.96 million or 60% of the total financing.

The non-brokered private placement saw the company issuing 5.0 million company units at $0.32 per unit. Each unit consists of one Puma Exploration common share and one common share purchase warrant, the latter being exercisable to purchase one common share at $0.50 per share within two years from the issuance date.

Net proceeds from the offering are expected to be used on increasing the coverage of the firm’s ongoing diamond drill program at the Williams Brook gold project from 2,000 metres to 10,000 metres, as well as general working capital purposes.

Puma Exploration last traded at $0.43 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

This Pain Is Only The Beginning: Inflation Will Come In Waves

Returning to The Daily Dive today is Tavi Costa, Partner & Portfolio Manager for Crescat...

Wednesday, December 21, 2022, 01:30:00 PM

Blue Lagoon: The High Grade Resource Is “The Tip Of The Iceberg” – The Daily Dive

Joining us for the first time today is Quinton Hennigh, the Geologic and Technical Director...

Monday, February 28, 2022, 01:30:46 PM

This Is Not The End Of The US Dollar As The Reserve Currency – The Daily Dive

For the final episode this week of The Daily Dive, we see the return of...

Friday, April 1, 2022, 01:30:00 PM

Deflation – Hyperinflation & The Macro Regime – The Daily Dive

On today’s Daily Dive, we welcome back Tavi Costa, Partner & Portfolio Manager for Crescat...

Friday, October 29, 2021, 01:34:17 PM

Which Commodity Offers The Most Upside With Current Inflation? – The Daily Dive

Today on The Daily Dive, we’re joined by Tavi Costa, Partner & Portfolio Manager for...

Tuesday, February 15, 2022, 01:30:00 PM