O r Jean Pierre Jutras, President at 1.403.233.0464
Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 20-02 MAY 26, 2020
For Further Information Contact: [email protected]
O r Jean Pierre Jutras, President
at 1.403.233.0464
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY
FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
JADE LEADER ANNOUNCES FINANCING
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leade r” or “the Company”) is pleased to
announce, subject to TSX Venture approval, a non-brokered priva te placement of up to 7,000,000 Units, at a
price of $0.05 per Unit, for maximum gross proceeds of $350,000 . Each Unit consists of one common share and
a half common share purchase warrant. Each full common share pu rchase warrant (“Warrant”) will entitle the
holder to purchase an additional common share at a price of $0. 10 per share for a period of two years following
closing. The Units will be offere d 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 d ate of closing. A finder’s fee of 5% may be paid
to eligible agents upon closing.
Proceeds of the financing are t o be used for working capital, g eneral corporate purposes as well as stone testing
for marketing purposes of its materials collected to date from both its Wyoming and Washington projects.
Mr. Jean-Pierre Jutras, P.Geol, the President and a Director of Jade Leader, stated “Over the winter months, we
have made significant progress in processing samples from our p revious programs. The Company is now ready
to move forward with larger scale stone testing in order to det ermine bulk marketability of materials held from
previous exploration efforts on our wholly owned properties. In addition, careful study and analysis of field
information collected to date has opened up new targets on our projects for recently identified fine grained
green Jades in Wyoming, and chatoyant, color change Jades in Wa shington which we intend to follow up on
once field conditions and measur es in place to manage the curre nt COVID 19 situation allow for such field
work to be conducted safely.”
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 conta ined herein, the matters set forth in this news release, includ ing 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 economi c performance of Jade
Leader. The projections, estimates and beliefs contained in suc h forward-looking statements necessarily involve known and unkn own risks and
uncertainties, which may cause Jade Leader’s actual performance and financial results in future periods to differ materially f rom any projections of future
performance or results expressed or implied by such forward-loo king statements. These risks and uncertainties include, among o ther things, those
described in Jade Leader’s filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and po tential investors are
cautioned that events or circumstances could cause results to d iffer materially from those predicted. Jade Leader disclaims an y responsibility to update
these forward-looking statements.