Business
Jayden Amends Warrant to Unit Offering
(TheNewswire) Vancouver, B.C. - TheNewswire - October 12, 2021 - ...
About this update from Jayden Resources Inc
[{"type":"text","content":"Jayden Amends Warrant to Unit Offering\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n October 12, 2021 -\n \n \n Jayden Resources Inc., (\"Jayden\"\nor the “Company”)\n \n \n (\n \n \n TSXV:JDN)\n \n \n announces that further to its news release dated October 4,\n2021 wherein it announced  a unit offering (“Offering”) of up to\n8,000,000 units (\"Units\") at a price of $0.50 per Unit for\ngross proceeds of up to $4,000,000, with each Unit being comprised of\none (1) common share in the capital of Jayden (“Common Share”)\n \n and one transferable Common Share purchase warrant\n(“Warrant”)\n \n . Each Warrant entitling the holder to\npurchase one (1) additional Common Share at a price of $0.80 for a\nperiod of two (2) years following the date of closing.\n \n \n \n \n The Unit will now be comprised of one (1) Common Share\nand one-half (1/2) of a\n \n \n of one (1) transferable\nCommon Share purchase Warrant at a price of $0.50 per Unit. Each whole\nWarrant entitles the holder to purchase one (1) additional Common\nShare at a price of $0.80 for a period of two (2) years following the\ndate of closing.\n \n \n \n \n The Warrants will be subject to an acceleration clause\nwhereby, commencing on the date that is four months and one day\nfollowing the closing date. Jayden may, in its sole discretion,\nprovide notice to warrant holders to shorten the Warrant expiry date\nto 30 days from the notice date if the daily volume weighted average\nclosing price of Jayden’s shares is greater than $1.00 for the 10\nconsecutive trading days preceding the notice date.\n \n \n \n \n The private placement is subject to TSX Venture\nExchange approval. The shares and units will be subject to a\nfour-month-plus-one-day hold period from the date of issuance.\nApproximately $3M of the proceeds will be used to advance the\nCompany’s recently acquired Storm Lake Gold Property. The balance of\nthe proceeds will be used for working capital purposes.\n \n \n \n \n For further information about this news release or the\nCompany\n \n \n visit our website at\n \n \n \n www.jaydenresources.com\n \n \n \n ,\n \n \n email\n \n \n \n [email protected]\n \n \n \n , or call\nMike Thast at 778-331-2093.\n \n \n \n \n On Behalf of the Board:...