Jayden Arranges Unit Offering

About this update from Jayden Resources Inc

[{"type":"text","content":"Jayden Arranges 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 4, 2021\n \n \n .\n \n \n Jayden Resources Inc.,\n(\"Jayden\" or the “Company”)\n \n \n (\n \n \n TSXV:JDN)\n \n \n is pleased to announce a unit\noffering (“Offering”) of up to 8,000,000 units (\"Units\")\nat a price of $0.50 per Unit for gross proceeds of up to $4,000,000.\n Each Unit will be comprised of one (1) common share in the capital\nof Jayden (“Common Share”)\n \n and one transferable Common\nShare purchase warrant (“Warrant”)\n \n . Each Warrant\nentitles the holder to purchase one (1) additional Common Share at a\nprice of $0.80 for a period of two (2) years following the date of\nclosing.\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 \n www.jaydenresources.com\n \n \n \n \n \n ,\n \n \n \n email\n \n \n \n \n [email protected]\n \n \n \n \n , or\ncall Mike Thast at 778-331-2093.\n \n \n \n \n On Behalf of the Board:\n \n \n \n \n \"David\nEaton\"\n \n \n \n \n \n \n \n President and CEO\n \n \n \n \n Neither TSX Venture Exchange nor its\nRegulation Services Provider (as that term is defined in the policies\nof the TSX Venture Exchange) accepts responsibility for the adequacy\nor accuracy of this release.\n \n \n \n Copyright (c) 2021 TheNewswire - All rights reserved.\n \n \n","length":3877,"tagName":"div"}]

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