Puma Exploration (TSE:PUMA) has released an update.
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Puma Exploration Inc. has updated stakeholders on its sale agreements with Raptor Resources, which involve the sale of the Chester and Turgeon Projects in New Brunswick for up to AUD$2 million. Raptor’s IPO on the Australian Securities Exchange is pending, with an extension approved for listing preparation, and drilling at Chester is planned post-listing. Puma’s President views the initial cash payment from the deal as a boon for advancing other projects without diluting shareholder value.
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