Puma to Increase Visibility and Improve Shareholder Communications
18 December 2019 - 12:52AM
Puma Exploration Inc. (
the “Company” or “Puma”) is
pleased to announce the launch of a marketing and communication
program which will be coordinated by Raphaël Fournier. Mr Fournier
has been a director of Puma since 2018 and is currently the
Chairman of the Audit Committee.
The main objective of the program is to increase
the market visibility and the recognition of the company as a
leader in exploration in the Bathurst Mining Camp of New Brunswick
for the last 15 years. Mr. Fournier will enhance the synergy
between all marketing and communications stakeholders and available
tools such as the advertising products and publications, social
media and web site updates, and the overall communications with
shareholders.
PUMA EXPLORATION CLOSES FIRST TRANCHE OF
$333,000 PRIVATE PLACEMENT
In this first tranche, the Company has raised a
total of $333,000 for the issuance of 1,850,000 flow-through units
(“FT Units”) at a price of $0.18 per FT Unit. Each flow-through
unit comprises one flow-through common share and one-half of one
common share purchase warrant. Each full warrant gives its holder
the right to purchase one common share at a price of $0.35 per
share until December 13, 2021. Up to an additional $667,000 is
expected to be raised by the Company in additional tranche closings
for aggregate gross proceeds of the Offering of up to
$1,000,000.
In connection with the private placement, the
company has paid cash finders' fees in the amount of $25,200 and
issued 140,000 finders' warrants, each entitling the holder to
acquire one additional common share of Puma at a price of $0.18 for
a period of twenty-four months. All securities issued to purchasers
and finders under the offering are subject to a four-month holding
period from the date of issuance of the securities, pursuant to
applicable securities legislation and the policies of the TSX
Venture Exchange. The placement has received the conditional
approval of the TSX Venture Exchange. The proceeds of the offerings
will be used for the exploration and development of Puma's
properties in New Brunswick. Currently, a major trenching and
stripping program is in progress at the Chester Copper
property.
MARKET STABILIZATION AND LIQUIDITY
SERVICES
Puma has, subject to regulatory approval,
retained Mackie Research Capital Corporation to initiate its market
making service to provide market making services to the Company in
compliance with the policies and guidelines of the TSX Venture
Exchange and other applicable legislation.
Mackie will trade shares of Puma Exploration on
the TSXV for the purposes of maintaining a reasonable market and
improving the liquidity of Puma's common shares. The agreement
between Mackie and the Company is for one year term and the Company
has agreed to pay Mackie $4,000 per month during the term, payable
quarterly in advance. The engagement may be terminated by either
party with written notice of 30 days.
The Company and Mackie act at arm's length, but
Mackie may provide investment banking services to Puma and Mackie
and/or its clients may have an interest, directly or indirectly, in
the securities of Puma. The agreement is principally for the
purposes of maintaining market stability and liquidity for the
Company's common shares and is not a formal market making
agreement. There are no performance factors contained in the
agreement between Mackie and the Company and Mackie will not
receive any shares or options from the Company as compensation for
services it will render.
NOMINATION OF RAPHAËL FOURNIER AS
DIRECTOR OF CORPORATE COMMUNICATIONS
Considering the growing need for public
companies to keep their investors informed as well as the need to
increase the visibility of Puma, senior management has appointed
Mr. Fournier as Director of Corporate Communications. In
collaboration with external partners of Puma, Mr. Fournier will
have the mandate to increase the visibility of the company, while
increasing the efficiency of communications, both internally and
externally. In line with the company’s DEAR strategy, Mr. Fournier
will also standardize the corporate image and branding of Puma.
Raphaël Fournier graduated with a Bachelor of
Business Administration degree (B.A.A.) in 2000 from the Université
du Québec à Rimouski (UQAR). He also holds a certificate in
Environmental Science obtained in 2016. From 2000 to 2002, he acted
as Data Management Analyst at the Laurentian Bank of Canada Head
Office. From 2005 to 2008, he worked for Desjardins Group as a
Financial Advisor. For the period of 2007 to 2013, he was president
and CEO of the privately held firm Groupe BRF. Since 2010, he has
been conducting compliance audits in various fields of activity on
behalf of the Bureau de Normalisation du Québec (BNQ).
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian-based mineral
exploration company with precious and base metals projects in early
to advanced stages. While our priority remains to finalize the
acquisition of the Murray Brook project in New Brunswick, great
efforts will be made by the Company in the coming years to deploy
its DEAR strategy (Development, Exploration, Acquisition and
Royalties) in order to generate maximum value for shareholders.
QUALIFIED PERSONS AND QC/AC
Technical information provided in this news
release was prepared and reviewed by Marcel Robillard, P.Geo.,
qualified person as defined by NI 43-101. Neither 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. Mr.
Robillard is not independent of the Company, as he is President of
Puma Exploration.
You can visit us on Facebook / Twitter /
LinkedInLearn more by consulting www.pumaexploration.com for
further information on Puma.Marcel Robillard, President(418)
724-0901president@explorationpuma.com
Forward-Looking Statements: This press release
may contain forward-looking statements. Such forward-looking
statements involve a number of known and unknown risks,
uncertainties and other factors which 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. These risks and uncertainties are
described in the quarterly and annual reports and in the documents
submitted to the securities administration.
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