Puma Closes the Option Agreement and $1M Private Placement with Kinross Gold

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that it has closed its Option Agreement for the Williams Brook, Portage and Jonpol properties (collectively, the "Williams Brook Project") announced on October 24, 2024 including a non-brokered private placement for $1,011,473.47 with Kinross Gold Corporation (TSX: K, NYSE: KGC) ("Kinross").

In connection with the Option Agreement, Kinross subscribed to 16,857,891 common shares of the Company at a price of $0.06 ("the Offering"). Kinross now holds approximately 9.9% of Puma's issued and outstanding shares. Puma and Kinross have also executed an investor rights agreement (the "IRA"), pursuant to which, among other things, Kinross will be granted the right to participate in future equity financings in order to maintain its ownership percentage in the Company or acquire up to 19.9% of the total of common shares of the Company issued and outstanding after issuance of new securities.

The Private Placement was negotiated at arms' length with no associated finder's fees. All securities issued under the Offering will have a statutory hold period of four months and one day. The net proceeds of the Offering will be used by the Company to explore its other projects and for general corporate and working capital purposes. The Company expects to release news regarding its short to medium-term strategy for its other 100% held properties in the coming weeks.

The option Agreement and the Private Placement received conditional approval from the TSXV.

About Puma's Assets in New   Brunswick

Puma has accumulated an impressive portfolio of prospective gold landholdings in Northern New Brunswick – the Williams Brook, JonPol, Portage, TIMM and Jacquet River properties. They are all located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on the other properties have confirmed their potential for significant gold mineralization. Puma retains its 100% interest in the TIMM and Jacquet River properties and will continue to advance their development.

The Company is committed to its DEAR business model of D iscovery, E xploration, A cquisition and R oyalties to generate maximum value for shareholders with low share dilution.

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company with precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. Puma's successful exploration methodology, which combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence, has been instrumental in facilitating an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants' expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results.

Connect with us on Facebook / X / LinkedIn .
Visit www.explorationpuma.com for more information or contact:

Marcel Robillard , President and CEO.
(418) 750-8510; president@explorationpuma.com

Mia Boiridy , Head of Investor Relations and Corporate Development.
(250) 575-3305; mboiridy@explorationpuma.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

K:CA,KGC
The Conversation (0)

Patagonia Gold Enters Into Option Agreement With Newmont Corporation

Patagonia Gold Corp. ("Patagonia" or the "Company") (TSX.V:PGDC) is pleased to announce that it has entered into a binding letter agreement dated 1 April, 2025 (the "Option Agreement") with Oroplata S.A., an Argentinean subsidiary of Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont"). The Option Agreement grants Newmont an option (the "Option") to acquire a 100% undivided interest in the Company's Tornado and Huracan gold and silver properties, including a separate exploration permit named "El Diablo" (collectively, the "Properties") in return for making aggregate cash payments of US$ 1,500,000, as described below.

Summary of the Terms of the Option Agreement

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals (CSE:LFLR)

Analyst Report Cites Positive Momentum for LaFleur Minerals with Beacon Mill MOU

Description

A recent analyst update from Red Cloud Securities is emphasizing the significance of a newly signed memorandum of understanding (MOU) between LaFleur Minerals (CSE:LFLR) and Granada Gold Mine, which could accelerate LaFleur’s path to production. The report highlights the company’s progress toward restarting its 100 percent owned Beacon mill and in advancing its Swanson gold project, both located within the prolific Abitibi Gold Belt in Quebec, Canada.

Keep reading...Show less

Newmont Announces First Quarter 2025 Earnings Conference Call

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) will release its first quarter 2025 results after North American markets close on Wednesday, April 23, 2025 . A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day , which is 7:30 a.m. Australian Eastern Standard Time on Thursday, April 24, 2025 . A replay of the webcast will be available through the Company's website.

Conference Call Details

Webcast Details

Title: Newmont First Quarter 2025 Earnings Conference Call

URL: https://events.q4inc.com/attendee/482927766

The webcast materials will be available Wednesday, April 23, after North American markets close, under the Investor Relations section of the Company's website. Additionally, the conference call will be archived for a limited time on the Company's website.

About Newmont

Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to www.newmont.com .

______________________
1 For toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=49005

Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com

Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com

Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com

Media Contact – Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Stock Symbol: AEM (NYSE and TSX)

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×