Puma Exploration Announces Date for Annual and Special Meeting of Shareholders
August 04 2022 - 1:00PM
Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the
"
Company" or "
Puma") announces
that its 2022 Annual and Special Meeting of Shareholders (the
"Meeting") will be held on
Tuesday, August 30, 2022, at 2
pm (EDT).
Again, this year, the Company will hold the
Meeting via a live webcast at
https://virtual-meetings.tsxtrust.com/1391, where
all Shareholders and their proxy holders, regardless of geographic
location, will have an equal opportunity to participate.
Shareholders and proxy holders will not be able to attend the
Meeting in person. Further details and instructions about virtual
participation are included in the Meeting materials available on
the Company's website and under Puma's profile on
www.SEDAR.com.
NEW "ROLLING 10%" STOCK OPTION
PLAN
At the Meeting, Shareholders will be asked to
vote on a new "rolling 10%" stock option plan (the "New Plan") that
was approved by Puma's Board of Directors. TSX-V approval is
pending. The New Plan will replace the Company's "fixed number"
stock option plan. Under the New Plan, the Board of Directors may
grant stock options to directors, officers, employees, and
consultants of the Company up to a maximum of 10% of the total
number of issued and outstanding shares of the Company from time to
time, less any shares reserved for issuance under the "fixed
number" option plan. The Management Information Circular for the
2022 Annual and Special Meeting of Shareholders provides more
details about the New Plan.
UPDATE ON ADDITIONAL WARRANTS
EXERCISE
Outstanding warrants (the "Warrants") issued in
connection with Puma's August 2020 private placement financing (see
News Release dated August 4, 2020) have been exercised, resulting
in aggregate proceeds of CAD$394,810. The Warrants
were exercisable into one common share of the Company at CAD$0.15
per common share and expired on August 4, 2022. No commission was
paid in connection with the exercise of the Warrants. The Company
will use the proceeds to continue exploration on its 100%-owned
Williams Brook Gold Project in New Brunswick, Atlantic Canada and
for general working capital purposes.
Puma has a total of 118,970,321 shares issued
and outstanding as of today.
ABOUT PUMA EXPLORATIONPuma
Exploration is a Canadian-based mineral exploration company with
precious metals projects located near the Famous Bathurst Mining
Camp (BMC) in New Brunswick, Canada. The Company is committed to
its DEAR strategy (Development, Exploration,
Acquisition and Royalties) to generate maximum value for
shareholders with low share dilution.
Connect with us on Facebook / Twitter /
LinkedIn
Visit www.explorationpuma.com for more
information or contact:
Marcel Robillard,President,
(418) 750-8510;president@explorationpuma.com
Mia Boiridy,Head of Investor
Relations and Corporate Development, (250) 575-3305;
mboiridy@explorationpuma.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
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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