NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Puma Exploration Inc., PUMA-TSXV, has closed the fully subscribed hard cash units offering for an amount of $1,600,000. The company issued five million units at the price of 32 cents per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant gives its holder the right to …
NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Puma Exploration Inc., PUMA-TSXV, (the “Company” or “Puma”) has closed the fully subscribed hard cash units offering for an amount of $1,600,000. The company issued five million units at the price of 32 cents per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant gives its holder the right to purchase one common share at a price of 50 cents per share until August 19, 2023.
Crescat Portfolio Management LLC (for itself and/or for accounts managed by Crescat Portfolio Management LLC (collectively, “Crescat”)), has participated as expected in the offering by making a strategic investment of $960,000, representing 60% of the financing.
Two (2) insiders of the company participated in the private placement for aggregate gross proceeds of $128,000. These insiders purchased units under the same terms as the other investors. The participation of these insiders is exempt from the formal valuation and minority shareholder approval...
Read Full Story: https://investingnews.com/news/gold-investing/puma-exploration-closes-1.6-million-financing-led-by-a-strategic-investment-by-crescat-capital-for-960000/
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