Vancouver, BC – TheNewswire – October 12, 2021 – Jayden Resources Inc., (“Jayden” or the “Company”) (TSXV: JDN) announces that following its press release dated October 4, 2021 in which it announced an offer of units (“Offer”) of a maximum of 8,000,000 units (“units”) at a price of $ 0.50 per unit for gross proceeds of up to $ 4,000,000, each Unit consisting of one (1) common share of the capital of Jayden (“common share”) and a transferable common share purchase warrant (the “warrant”). Each warrant entitles its holder to purchase one (1) additional common share at a price of $ 0.80 for a period of two (2) years following the closing date.
The Unit will henceforth consist of one (1) Ordinary Share and one-half (1/2) of a one (1) transferable common share purchase warrant at a price of $ 0.50 per unit. Each whole warrant entitles its holder to purchase one (1) additional common share at a price of $ 0.80 for a period of two (2) years following the closing date.
The Warrants will be subject to an acceleration clause under the terms of which, from the date which falls four months and one day following the closing date. Jayden may, in its sole discretion, advise warrant holders to shorten the expiration date of the warrants to 30 days from the date of the notice if the daily volume weighted average closing price of Jayden’s stock is greater than $ 1.00 for the 10 consecutive trading days preceding the notice. Dated.
The private placement is subject to the approval of the TSX Venture Exchange. The shares and units will be subject to a hold period of four months plus one day from the date of issue. Approximately $ 3M of the proceeds will be used to advance the Company’s recently acquired Storm Lake Gold property. The balance of the proceeds will be used for working capital purposes.
On behalf of the Board of Directors:
President and CEO
Neither the 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.