JADE Leader Announces Financing
Suite 1620, 734 – 7th Ave, S.W. Calgary, AB, T2P 3P8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 24-03 JULY 18, 2024
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.
JADE LEADER ANNOUNCES FINANCING
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader” or “the Company”) is pleased
to announce a non-brokered private placement of up to 4 million Units, at a price of $0.05 per Unit,
for gross proceeds of up to CDN$200,000.
Each Unit consists of one common share and a half 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 $0.10 per share for a period of three years following closing. The
Warrants will also include an acceleration clause, such that the term of the Warrants will be reduced
to 30 days (the "Reduced Term") in the event the closing price of the Common Shares on the TSX
Venture Exchange exceeds $0. 25 or more for ten consecutive trading dates (the "Premium Trading
Days"). The Reduced Term would commence on the third business day after the tenth Premium
Trading Day.
The Units are to be offered on a non- brokered basis by way of private placement to accredited
investors. 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. This financing is subject to TSX Venture approval.
Proceeds of the financing are to be used for working capital, general corporate purposes as well as
additional Jade exploration and Jade marketing activities.
In connection with the Private Placement, insiders may purchase Units. The participation of those
individuals constitutes a “related party transaction” within 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 will rely 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 will not exceed 25% of the market capitalization of the Company as calculated in
accordance with MI 61-101.
About Jade and Jade Leader Corp.
Recent trade articles and mainstream publications suggest that the international Jade market is now
larger than the better-known worldwide market for rough diamonds, without any participation in the
space by publicly listed Companies prior to the formation of Jade Leader Corp.
Jade Leader, with a Board of Directors having over 120 years of combined experience as mineral
exploration geologists with proven track records of discoveries, is led by JP. Jutras, B.Sc Hons
geology, P.Geol ., who is also an internationally recognized Jad e carver with over 30 years of
experience.
Jade Leader is leveraging this unique combination of mineral exploration expertise and Jade carving
knowledge to advance a portfolio of 6 Jade exploration properties, all carrying nephrite Jade with
various characteristics, in stable, mining-friendly jurisdictions in the USA.
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 fo rward-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 proj ections,
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. Accordingl y, 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.