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    PUMA   CA74588S2029

PUMA EXPLORATION INC.

(PUMA)
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Puma Exploration Inc. Announces That the Company Will Monitize Off All of Its Copper Projects into New Company, Melius Capital 3 Corp

07/06/2021 | 12:28pm EDT

Puma Exploration Inc. announced that subject to certain conditions, it will monitize off all of its copper projects into new company, Melius Capital 3 Corp., thereby creating new active copper exploration and development company in New Brunswick, Canada. Puma’s objective, with the Proposed Transaction, is to unlock the significant value from its Copper Projects, while Puma will concentrate its efforts and capital on its flagship Williams Brook Gold Project in New Brunswick. In connection with the Proposed Transaction, Melius intends to apply to list its common shares on the Canadian Securities Exchange or any other Canadian stock exchange. Pursuant to an option agreement dated June 30, 2021, Puma will receive, in consideration for the Copper Projects, Melius Shares and/or cash payments totalling $3.50 million in value as detailed in the transaction highlights below. The total book value for the properties is $3.91 million. The first payment under the Option Agreement consists of the issuance of 6 million Melius shares to Puma. Puma intends to distribute those Closing Shares to the Puma shareholders of record as of the record date, which date is yet to be set by the board of directors of Puma. Upon Listing, Melius will issue a further 6 million Melius Shares to Puma. The Listing Shares will be retained by Puma for investment purposes. At the time of the Listing, Puma and the shareholders of Puma are expected to collectively hold approximatively 19.7% of the Melius Shares that will be issued and outstanding, unless Melius proceeds with additional private placements. Melius, is a private entity incorporated pursuant to the laws of the province of Ontario in 2021 that intends to apply to list on an exchange in 2021.


ę S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -1,19 M -0,92 M -0,92 M
Net cash 2021 1,87 M 1,46 M 1,46 M
P/E ratio 2021 -8,46x
Yield 2021 -
Capitalization 41,6 M 32,6 M 32,4 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 95,4%
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Managers and Directors
Marcel Robillard President, Chief Executive Officer & Director
Ginette Gosselin Brisson Chief Financial Officer
RÚjean Gosselin Executive Chairman
Richard Andre Thibault Independent Director
Michel Fontaine Director
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