Business
Jayden Receives Conditional Acceptance for Harry Acquisition
(TheNewswire) Vancouver, B.C. - TheNewswire - November 5, 2020; Jayde...
About this update from Jayden Resources Inc
[{"type":"text","content":"Jayden Receives Conditional Acceptance for Harry Acquisition\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n November 5, 2020; Jayden Resources Inc.\n(\"Jayden\" or the \"Company\")\n \n \n (\n \n \n TSXV:JDN)\n \n \n (OTC:PNMLF)\n \n \n is pleased to announce that it\n \n \n has received conditional acceptance from the TSX Venture\nExchange (the \"Exchange\") for the acquisition of the Harry\nand Outland Silver Bar properties (the \"Property\") from\nTeuton Resources Corp. (\"Teuton\") as announced on September\n4, 2020.\n \n \n \n \n Pursuant to the terms of the option agreement entered\ninto between the Company and Teuton, the Company may acquire an\ninitial 55% interest in the Property by making aggregate cash payments\ntotaling $180,000 ($25,000 in the first year) and incurring $2,000,000\n($100,000 in the first year) in exploration expenditures over the\ncourse of 5 years. An additional 20% interest in the Property can be\nacquired by Jayden taking the Property into commercial production on\nor before the 15\n \n \n th\n \n \n anniversary date of final acceptance by the\nExchange. Teuton will retain a 2% net smelter royalty on the\nProperty.\n \n \n \n \n Final acceptance of the acquisition is subject to the\nCompany meeting certain filing requirements with the Exchange\nincluding but not limited to providing an updated NI43-101 Report on\nthe Property which is currently underway.\n \n \n \n \n For further information about this news release or the\nCompany contact\n \n \n \n [email protected]\n \n \n \n , visit our\nwebsite at\n \n \n \n www.jaydenresources.com\n \n \n \n or call us at 604-688-9588.\n \n \n \n \n On Behalf of the Board:\n \n \n \n \n \"David\nEaton\"\n \n \n \n \n \n President & 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) 2020 TheNewswire - All rights reserved.\n \n \n","length":3479,"tagName":"div"}]