Juggernaut Exploration Ltd. has announced a bought deal private placement underwritten by Stifel Canada, raising C$10 million in gross proceeds. The offering comprises 3,906,250 units priced at C$2.56 per unit, with each unit containing one flow-through share and half a warrant exercisable at C$2.08 over a 24-month period.
The flow-through structure allows investors to benefit from Canadian tax deductions while supporting mineral exploration activities. The company has designated the financing proceeds specifically for exploration expenses related to the Big One Gold Project, located in British Columbia's Golden Triangle region, a prolific mining district known for significant mineral deposits.
The private placement is expected to close on March 19, 2026. This financing mechanism is commonly utilized by junior mining exploration companies to fund development programs while providing tax incentives to Canadian investors.