Jayden Resources Amends the Expiry Date of Warrants Issued to Investors Pursuant to its 2008 Unit Offering
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Jayden Resources Amends the Expiry Date of Warrants Issued to Investors Pursuant to its 2008 Unit Offering
Vancouver, B.C., December 06, 2010; Jayden Resources Inc., ("Jayden" or "the Company") (TSX-V:JDN) announces that the Company has received conditional approval from the TSX Venture Exchange to amend the expiry date (the “Amendment”) of the warrants (the “Warrants”) granted to Lucky Concord Development Limited (“Lucky Concord”), Band One International Limited (“Band One”), Gold Prosperous Holdings Limited (“Gold Prosperous”), High Aim Investments Inc. (“High Aim”), Best Vision Enterprises Limited (“Best Vision”) and Luxury Rich International Limited (“Luxury Rich”) on December 17, 2008. The Warrants were granted to Lucky Concord, Band One, Gold Prosperous, High Aim, Best Vision and Luxury Rich by the Company in connection with the non-brokered private placement of 45,000,000 units (each a “Unit”), the closing of which was announced on December 19, 2008. Each Unit was issued at a price of $0.055 for gross proceeds of $2,475,000. Each Unit consisted of one common share of the Company (formerly Pinnacle Mines Ltd.) and one Warrant. Each Warrant entitles the holder thereof to purchase one additional share (a “Warrant Share”) of the Company at a price of $0.15 per Warrant Share. Details of the Amendment will be forthcoming at a later date.
About Jayden Resources
Jayden Resources is a Canadian exploration company with a 43-101 compliant resource-stage project on its Silver Coin property in the Stewart Camp, Northern BC. Northern BC is an emerging metals district that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. Excellent exploration potential remains to the north, north-west and south of the existing resource at Silver Coin.
For further information about Jayden and this news release contact Mike Thast at 604-688- 9588 or visit Jayden's website at www.jaydenresources.com.
On Behalf of the Board:
"David Eaton"
Chief Executive Officer
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.