Puma Exploration Receives First Anniversary Option Payment from Canadian Copper Inc.

Provided By GlobeNewswire

Last update: Jun 28, 2023

RIMOUSKI, Quebec, June 28, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) has received the first-anniversary option payment from Canadian Copper Inc. (CSE: CCI) (“Canadian Copper” or “CCI”) as outlined in the Option Agreement dated June 30, 2021. Canadian Copper elected to issue 3,637,873 common shares of the company at $0.0825 per share (the 20-day VWAP price from June 3, 2023) for a $300,000 first-anniversary option payment. CCI’s largest shareholder is Puma, with 10,001,968 shares representing 13.48% ownership. Prior to the first-anniversary option payment, Puma owned 6,364,095 common shares of CCI, representing approximately 9% ownership.