Jayden Closes $4.5M Unit Offering

About this update from Jayden Resources Inc

[{"type":"text","content":"Jayden Closes $4.5M 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 December 1, 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 has closed a $0.50 unit offering\n(the “Offering”) as announced on October 18, 2021 and has issued a\ntotal of 9,072,000 units (\"Units\") for gross proceeds of\n$4,536,000.\n \n \n \n \n Each Unit consists of one (1) common share in the\ncapital of Jayden (“Common Share”) and one-half (1/2) of one\ntransferable Common Share purchase warrant (“Warrant”), each whole\nWarrant entitling 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 (March 27, 2022), Jayden may, in its sole\ndiscretion, provide notice to warrant holders to shorten the Warrant\nexpiry date to 30 days from the notice date if the daily volume\nweighted average closing price of Jayden’s shares is greater than\n$1.00 for the 10 consecutive trading days preceding the notice\ndate.\n \n \n \n \n The participation in the Offering by an executive\nofficer of Jayden may be considered a \"related party\ntransaction\" (the “Related Party”) as defined under\nMultilateral Instrument 61-101, Protection of Minority Security\nHolders in Special Transactions (“MI 61-101”). Jayden has\ndetermined that exemptions from the formal valuation and minority\nshareholder approval requirements under MI 61-101 are available.  In\nparticular, Jayden has determined that the exemptions set out in\nparagraphs (a) and (b) in section 5.5 of MI 61-101 are applicable\nsince the aggregate consideration to be paid by the Related Party does\nnot exceed 25% of the market capitalization of Jayden and Jayden is\nnot listed on the Toronto Stock Exchange, but only on the TSX Venture\nExchange.  In addition, regarding the minority shareholder approval\nexemptions, the independent directors have determined that the\nexemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI\n61-101 are applicable in that...

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