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: 20-04 JUNE 17, 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 CLOSES FINANCING
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leade r” or “the Company”) is pleased to
announce that it has closed a non-brokered private placement fo r 9,000,000 Units (“Units”) at a price of $0.05
per Unit and gross proceeds of $450,000.
Each Unit consisted of one common share and a half common share purchase warrant. Each full common share
purchase warrant (“Warrant”) entitles 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 we re offered to accredited investors and all
securities issued under the offering will be subject to a hold period of four months plus one day or October 18,
2020. Jade Leader has agreed to pay finder’s fees of $2,000 in connection with the financing.
In connection with the Private Placement, insiders purchased a total of 1,260,000 Units. The participation of
those individuals constitutes a “related party transaction” wit hin the meaning of TSX Venture Exchange Policy
5.9 and Multilateral Instrument MI 61-101 – Protection of Minority Security Holders in Special Transactions
(“MI 61-101”) adopted in the Policy. The Company has relied on exemptions from the formal valuation and
minority shareholder approval requirements of MI 61-101 contain ed in Sections 5.5(a) and 5.7(1)(a) of MI 61-
101 as the fair market value of the subject matter of the Priva te Placement does not exceed 25% of the market
capitalization of the Company as calculated in accordance with MI 61-101.
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.