Juggernaut Exploration (TSE:JUGR) has released an update.
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Juggernaut Exploration Ltd. has successfully completed an oversubscribed charity flow-through financing, raising $3.8 million to fund drilling operations on its fully owned Bingo and Midas properties, known for their high-grade Copper and Gold deposits. The financing involved issuing over 31 million units, each including one common share and a purchase warrant, with the aim of financing exploration expenses which are tax-advantaged under Canadian law. This strategic move, backed by institutional support, underscores the company’s potential for near-term discovery and expansion in its mining endeavors.
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