Meta Critical Minerals Inc. press release
$2,100,000 Flow-Through Financing
CSE - Canadian National Stock Exchange ยท Canada
RIMOUSKI, Dec. 16 /CNW Telbec/ - Puma Exploration (PUM : TSX-V) has obtained conditional approval from the TSX Venture Exchange to proceed with a private placement to a maximum of $2,100,000. The offer consists of the issuance of a maximum of 1,875 "A" units ($1,875,000) and 225 "B" units ($225,000). The average cost of the shares of the "A" units is $0.19 and have 1,250 share purchase warrants attached. Each "B" unit comprises 6,250 ordinary shares at a price of $0.16 per share and carries 6,250 share purchase warrants. Each warrant in the "A" and "B" units allow the holder to subscribe to shares at a price of $0.25 per share until June 30, 2006, and thereafter, at a price of $0.30 until September 30, 2007. The placement will close before December 30, 2005 for the "A" units and September 30, 2006 for the "B" units. The proceeds from this placement will be used to explore the Little Stull Lake high grade gold property in northern Manitoba, near the Manitoba-Ontario border, where 208 drill holes have already been drilled with promising results. The winter exploration program is budgeted at $1,500,000, to be spent mainly on drilling, resource definition and geological interpretation. Additional information on this placement is available from the Company, or from FranEcois Carrier of Canaccord Capital. The offering notice and other financial information is available at http://www.explorationpuma.com .
The TSX Venture Exchange does not accept any responsibility for the content of this press release as being truthful or accurate.