Or 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: 21-07 AUGUST 12, 2021
For Further Information Contact: [email protected]
Or 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) (“Ja de Leader” or “the Company”) is pleased to
announce that it has closed a non-brokered private placement for 5,220,300 Units (“Units”) at a price of $0.05
per Unit and gross proceeds of $261,015.
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 yea rs following closing or August 12, 2023. The Uni ts were 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 December 13, 2021. No finder fees were paid in connection with the financing.
In connection with the Private Placement, insiders purchased a total of 800,000 Units. The participation of
those individuals constitutes a “related party transaction” within the meaning of TSX Venture Exchange Policy
5.9 and Multilateral Instrumen t 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 contained 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 Private 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 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 economi c performance of Jade
Leader. The projections, estimates and beliefs contained in such forward- looking statements necessarily invol ve 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 s tatements. 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 circums tances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update
these forward-looking statements.