..treasury, exactly what Puma needed to-do............ to accelerate the exploration on its flagship Nicholas-Denys silver property and also on its other properties.................................

Puma Exploration closes $750,000 private placement

2012-07-13 14:05 MT - News Release

Mr. Marcel Robillard reports

PUMA EXPLORATION CLOSES PRIVATE PLACEMENT FOR $750,000

Puma Exploration Inc. has closed a non-brokered private placement financing of flow-through units with an institutional fund. The company issued 2.5 million units at an issue price of 30 cents per flow-through unit for gross proceeds of $750,000. The flow-through units comprise one flow-through common share and one-half of one common share purchase warrant. Each full warrant will entitle its holder to acquire one additional common share of Puma at a price of 40 cents for 24 months.

In connection with this flow-through private placement, the company has paid cash finder's fees to Meadowbank Asset Management in an amount of $60,000 and issued 200,000 finder's warrants, which will entitle holder to acquire one additional common share of Puma at a price of 30 cents for 24 months. All securities issued to purchasers and the finder 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-V.

The proceeds of the offering will be used for the exploration and development of Puma's properties in New Brunswick and Manitoba. Since June, 2012, Puma raised a total of $1,988,830 with institutions and accredited investors to accelerate the exploration on its flagship Nicholas-Denys silver property and also on its other properties