Puma Exploration Inc. announces it has closed a non-brokered placement of 8,400,000 flow-through units at an issue price of CAD 0.125 per FT Unit for gross proceeds of CAD 1,050,000 on December 15, 2023. Each FT Unit is comprised of one flow-through share and one-half common share purchase warrant. Each whole warrant is exercisable to purchase one common share of the Company at CAD 0.20 per share until December 15, 2025.

The warrants are subject to an acceleration clause that entitles the Company to provide notice to holders that they will expire 30 days from the date the Company delivers the Acceleration Notice. The company has paid finder's fees of CAD 50,693 and issued 405,540 non-transferable finder warrants. The finder warrants are exercisable before December 15, 2025 at CAD 0.20 per common share.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on December 15, 2023. The transaction included participation from 66 placees and five pro groups with pro group involvement of 1,400,000 flow-through shares.