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To: Goose94 who wrote (6749)8/27/2014 9:21:48 AM
From: Goose94Read Replies (2) | Respond to of 202037
 
Puma Exploration (PUM-V) Aug 27, '14 has closed a non-brokered private placement with qualified investors in the amount of $562,250. With this placement, Puma Exploration issued 3,748,332 common shares at the price of 15 cents per share and 3,748,332 warrants. Each warrant gives its holder the right to purchase one common share at a price of 20 cents per share until Aug. 26, 2016. In connection with this private placement, the company has paid cash finders' fees in an amount of $21,612.50 and issued 144,083 finders' warrants will entitle holder to acquire one additional common share of Puma at a price of 15 cents for 24 months. All securities issued to purchaser and finders under the offering are subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the conditional approval of the TSX Venture Exchange.

The proceeds of the offering will be used for the exploration and development of Puma's properties in New Brunswick and Manitoba, and general working capital purposes.