JADE Leader Updates Drilling Preparation Progress and Announces Financing
Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada |TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 18-11 OCTOBER 1, 2018
For Further Information Contact: Jean Pierre Jutras, President
at 1.403.233.0464
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
JADE LEADER UPDATES DRILLING PREPARATION PROGRESS
AND ANNOUNCES FINANCING
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader”, or “the Company”) is pleased
to announce progress towards mobilizing for the maiden drill program at its DJ Jade project,
Washington State.
In anticipation of a positive response to its drilling program outline from the relevant authorities, the
Company has been working to engage a contractor with portable equipment developed to operate
with minimal environmental disturbance. The Company is now finalizing the contracting process
with an objective to mobilize and begin its drilling program during the second to third week of
October in order to utilize its current permitting window and optimum field conditions.
The program’s current outline allows for up to 2,000 meters of HQ diameter size core drilling,
testing in excess of 100 meters of strike length of the nephrite bearing jade systems identified with
surface work to date, as allowed by current access. Depth of testing on this maiden program is
expected to be up to 50 meters vertically.
The Company also announces, subject to TSX Venture approval, a non-brokered private
placement of up to 3,600,000 Units, at a price of $0.25 per Unit, for gross proceeds of $900,000.
Each Unit consists of one common share and a full common share purchase warrant. Each full
common share purchase warrant (a “Warrant”) will entitle the holder to purchase an additional
common share at a price of $0.40 per share for a period of two years following closing.
The Units are to be offered on a non-brokered basis by way of private placement to accredited
investors and all securities issued under the offering will be subject to a hold period of four months
plus one day from the date of closing. A finder’s fee of 5% may be paid to eligible agents upon
closing.
Proceeds of the financing are to be used for working capital and general corporate purposes as
well as funding of the DJ drilling program.
Jade Leader has also granted to a consultant, under its Stock Option Plan, an option to purchase
75,000 common shares for a period of three years commencing on October 1, 2018 at an exercise
price of $0.25 per share.
Page 2
October 1, 2018
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Qualified Person for the
Company’s Jade projects as defined by National Instrument 43-101 and has approved the
technical disclosure contained in this news release.
About Jade
The Company has posted a Corporate/Technical presentation with information on the Jade space
as compiled during our research, as well as a summary of our exploration efforts to date. It can be
accessed through the Investors section of our website at Jadeleader.ca, under Presentations and
Fact Sheets.
On Behalf of the Board of Directors,
“Jean-Pierre Jutras”
Jean-Pierre Jutras,
President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”,
“projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Jade Leader’s internal projections,
expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Jade
Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Jade Leader’s actual performance and financial results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those
described in Jade Leader’s filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are
cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update
these forward-looking statements.