Puma Exploration Updates on Latest Corporate Developments

Puma Exploration Announces Important Corporate Updates

In a recent announcement, Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) shared significant updates regarding its transactions and corporate events. The company has reached a new agreement with Canadian Copper Inc. for Raptor Resources Ltd., focusing on their Initial Public Offering (IPO) and assets in New Brunswick.

Details on the Raptor Resources Transaction

Puma Exploration has confirmed that they and Canadian Copper Inc. have agreed to extend the timeline for Raptor Resources’ IPO and its subsequent listing on the Australian Securities Exchange (ASX). This extension is crucial for the sale and transfer of the Chester and Turgeon Projects, two prominent assets located in New Brunswick.

Under the terms of the revised agreement, Raptor is required to complete its IPO by a specified date. Following the transaction's successful completion, Raptor will make a cash payment of AUD$ 500,000 and issue 4 million shares to Puma, securing their position in this partnership.

CEO's Statement on Future Prospects

Marcel Robillard, President and CEO of Puma Exploration, expressed his optimism about the ongoing efforts of Raptor. He stated, “We appreciate Raptor’s continued efforts and work to close its IPO and get listed on the ASX. We are confident that this transaction will come to a successful conclusion soon and contribute non-dilutive cash to further advance our Williams Brook Gold Project.”

Annual and Special Meeting of Shareholders Overview

Puma Exploration recently held its Annual and Special Meeting of Shareholders via a live audio webcast. During the meeting, all proposed resolutions received the necessary approval from shareholders. Among the key resolutions passed included the re-election of directors such as Marcel Robillard and Richard Thibault for another term, the appointment of Malette L.L.P. as the company’s Auditor, and the re-approval of Puma’s rolling stock option plan.

About Puma Exploration’s Operations

Puma Exploration is a dynamic Canadian mineral exploration company with an impressive history in precious metals projects, particularly in New Brunswick. Over the years, the company has effectively combined traditional exploration methods with cutting-edge technologies, including the use of Artificial Intelligence (AI), to enhance its understanding of mineralized systems.

The company is strategically positioned near Canada’s renowned Bathurst Mining Camp, leveraging geophysical surveys and geochemical data to optimize its exploration efforts. Their innovative approach aims at maximizing drilling outcomes while minimizing costs, thereby fostering sustainable resource exploration.

Stay Connected with Puma Exploration

For those interested in keeping up with Puma Exploration’s latest developments, the company maintains an active presence on multiple social media platforms, including Facebook, X, and LinkedIn. For further inquiries regarding corporate operations, interested parties can visit their official website or reach out directly to company representatives.

Contact Information:

Marcel Robillard, President and CEO.
(418) 750-8510;

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

Frequently Asked Questions

What is the latest news from Puma Exploration?

Puma Exploration announced updates regarding Raptor Resources, including details on a new extension for the IPO and recent shareholder meeting outcomes.

What does the transaction with Raptor Resources involve?

The transaction includes a cash payment and equity shares, contingent upon Raptor completing its IPO.

Who were elected during the Annual Meeting?

Marcel Robillard, Richard Thibault, and others were elected as directors of Puma Exploration.

What projects does Puma Exploration focus on?

Puma primarily focuses on precious metal exploration projects in New Brunswick, particularly gold.

How can I stay updated on Puma Exploration's activities?

You can follow Puma Exploration on social media platforms or check their official website for the latest updates.

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