{"id":1008142,"date":"2018-03-16T13:44:37","date_gmt":"2018-03-16T20:44:37","guid":{"rendered":"https:\/\/thepuma.rocks\/?p=1008131"},"modified":"2018-03-16T13:44:37","modified_gmt":"2018-03-16T20:44:37","slug":"puma-exploration-welcomes-trevali-mining-corporation-as-shareholder","status":"publish","type":"post","link":"https:\/\/explorationpuma.com\/en\/puma-exploration-welcomes-trevali-mining-corporation-as-shareholder\/","title":{"rendered":"Puma Exploration Welcomes Trevali Mining Corporation as Shareholder"},"content":{"rendered":"<p>RIMOUSKI, Quebec, March 16, 2018 (GLOBE NEWSWIRE) &#8212;\u00a0<strong>Puma Exploration Inc. (the \u201cCompany\u201d or \u201cPuma\u201d)\u00a0<\/strong>is pleased to announce the closing of a non-brokered private placement with Trevali Mining Corporation (TSX:TV) for gross proceeds of CAD $500,000 worth of Units. Each Unit was offered at a price of $0,09 and consists of one common share and one-half of a warrant. The warrants are for a three-year term and the exercise price is $0,12. The proceeds will be used to advance the Strategic Exploration Alliance announced on March 02<sup>nd<\/sup>, 2018.<\/p>\n<p><strong>Strategic Exploration and Development Alliance<\/strong><br \/>\nThe private placement was agreed in connection with the signature of the LOI where Puma and Trevali entered into a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouche\u2013Armstrong Belt of New Brunswick. Trevali will provide up to CAD $7.5 million dollars funding required to finalize the acquisition of 100% of the Murray Brook Deposit and the Murray Brook East Property.<\/p>\n<p><strong>Highlights<\/strong><br \/>\nMurray Brook Deposit (75% TV and 25% PUMA)<\/p>\n<ul type=\"disc\">\n<li>Ownership in the Murray Brook Deposit (ML 252) will be 75% TV and 25% PUMA.<\/li>\n<li>Trevali brings to the agreement its extensive expertise in advanced stage project management, with a proven track record of efficiently moving assets from exploration, through permitting and development, to production.<\/li>\n<li>Trevali will provide metallurgical and geochemical consulting expertise.<\/li>\n<li>Trevali will also provide access to the Caribou concentrator and Mine infrastructure.<\/li>\n<li>Trevali\u2019s experience with Mi\u2019kmaq partners will facilitate the negotiation of a new agreement with said partners.<\/li>\n<li>Trevali\u2019s expertise and infrastructure will considerably reduce the costs of bringing to production the Murray Brook Deposit.<\/li>\n<\/ul>\n<p>Exploration Alliance (51% TV and 49% PUMA)<\/p>\n<ul type=\"disc\">\n<li>Ownership in all other exploration properties held by both TV and PUMA in Restigouche -Armstrong Belt included in the Strategic Alliance (8,503Ha) will be 51% TV and 49% PUMA with Puma as manager of the exploration programs.<\/li>\n<li>The Exploration Alliance area of interest covers more than 32,000 hectares.<\/li>\n<li>Puma gains access to four (4) new properties (1,286 ha.) all 100% previously held by Trevali.<\/li>\n<li>Puma maintains 100% interest in all its other held properties in the Bathurst Mining Camp, namely; Turgeon, Nicholas-Denys, Beresford Copper, Ann\u2019s Creek and Legacy (11,185 ha.).<\/li>\n<\/ul>\n<p>This new Strategic Exploration and Development Alliance combines TV\u2019s assets and expertise in mining with PUMA\u2019s expertise and knowledge of the Restigouche-Armstrong belt that will benefit shareholders of both companies and allow for a more efficient development of New Brunswick\u2019s mining resources. The completion of the transactions covered by the LOI is subject to the approval of the TSX Venture Exchange and the execution of definitive agreements before April 30<sup>th<\/sup>, 2018.<\/p>\n<p><strong>About Puma Exploration Inc.<\/strong><br \/>\nPuma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company&#8217;s major assets consist of a beneficial interest in the Murray Brook Property, as well as 100% of the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick. The company also hold an equity interest in BWR Resources, Manitoba. Puma\u2019s objective is to focus its exploration efforts in New Brunswick.<\/p>\n<p><strong>About Trevali Mining Corporation<\/strong><br \/>\nTrevali is a zinc-focused base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 80% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso.<\/p>\n<p><strong>Qualified Persons and QC\/AC<\/strong><br \/>\nTechnical information provided in this news releases was prepared and reviewed by Marcel Robillard, P.Geo., President and Dominique Gagn\u00e9, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagn\u00e9 are not independent of the Company, as both are officers and shareholders thereof.<\/p>\n<p>You can visit us on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BIi_jpChV2z94N4Iu3Td_dSxkktsOrNjWajdt26W8bRC7jArGHjmv0wVW7IPCXJs--eBV1oggOD-zjg_JUEjP6m7a6P0RPwQ4oIF-i5LD2ddUJTrqAjzaSaxlvSuvnE7\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ptpMEP_Bmq_Ee4_seULvx_6hVFAMdS54PQ_m2PRhcDmCEIZOIBj0RQknHsso40-6I1zz_MF6losOkSbNvtu0xw==\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>.<\/p>\n<p>Learn more by consulting\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=b5C5fxR3fMZdtX6JoRmcnC5yX3DkKei7P3yOXD82N4SiR24x4_1TJd6CsFPKzN4pCP65dNPst4gRE6NEyyNhRijSDobraIY2hiFNukjNdlk=\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.pumaexploration.com<\/a>\u00a0for further information on Puma Exploration Inc.<br \/>\nMarcel Robillard, President<br \/>\n(418) 724-0901<br \/>\n<span id=\"cloak3b94477199bb2cb5eba82b083548f769\"><\/span><a href=\"mailto:president@explorationpuma.com\">president@explorationpuma.com<\/a><\/p>\n<p><em>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 Exploration Inc. 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 Exploration 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIMOUSKI, Quebec, March 16, 2018 (GLOBE NEWSWIRE) &#8212;\u00a0Puma Exploration Inc. (the \u201cCompany\u201d or \u201cPuma\u201d)\u00a0is pleased to announce the closing of a non-brokered private placement with Trevali Mining Corporation (TSX:TV) for gross proceeds of CAD $500,000 worth of Units. Each Unit was offered at a price of $0,09 and consists of one common share and one-half [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[29],"tags":[],"class_list":["post-1008142","post","type-post","status-publish","format-standard","hentry","category-29","entry"],"_links":{"self":[{"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/posts\/1008142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/comments?post=1008142"}],"version-history":[{"count":0,"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/posts\/1008142\/revisions"}],"wp:attachment":[{"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/media?parent=1008142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/categories?post=1008142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/explorationpuma.com\/en\/wp-json\/wp\/v2\/tags?post=1008142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}