July 25 (Reuters) - Puma Exploration Inc PUMA.V :
* PUMA EXPLORATION INC. ANNOUNCES A MAJOR REORGANIZATION
* PUMA EXPLORATION INC - OFFERING A MAXIMUM OF 40 MILLION UNITS AT A PRICE OF $0.025 PER UNIT
* PUMA EXPLORATION - ANNOUNCED PRIVATE PLACEMENT OF $1 MILLION, A PROPOSED CONSOLIDATION 10:1, & RESIGNATION OF ITS EXECUTIVE CHAIRMAN ARNESS CORDICK