02:19 PM EDT, 10/21/2024 (MT Newswires) -- Puma Exploration ( PUMXF ) , trading near 52 week lows, on Monday reported that it has satisfied, ahead of schedule, the requirements for its purchase of 100% interest in 341 claims announced on March 1, 2022. A statement noted the claims cover the Panthera Gold Zone and the newly discovered Lion Gold Zone.

Monday's statement said to complete its acquisition of 100% interest in the claims, Puma had an obligation to issue the vendor 250,000 common shares of the company and a C$50,000 cash payment on or before February 2025 (the agreement's third anniversary). This agreement, amongst others, negotiated by Puma to extend its property, was the last to be fully executed. The 100%-owned Williams Brook Gold Project includes the Williams Brook, Portage and Jonpol properties.

Surface exploration work was performed on the claims this past summer with more than 500 grab samples collected. Assay results will be announced when received, Monday statement added.

PUMA was at last look unchanged at $0.055.