Juggernaut Exploration Ltd. announced a non-brokered private placement of up to 24,691,358 flow-through units at a price of CAD 0.1215 per flow-through unit for the gross proceeds of CAD 2,999,999.997 on May 16, 2024. Each unit will consist of one common share plus one warrant to purchase one common share at CAD 0.14 for a thirty-six-month period. The transaction included participation from returning investor Crescat Portfolio Management LLC, and directors and officers of the company.

The offering is projected to close on or before May 31, 2024. The company may pay finder's fees of the gross proceeds from the financing in cash, and compensation options on units being sold. The private placement 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.