Puma Exploration (TSE:PUMA) has released an update.
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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