JADE Leader Closes Final Tranche of Private Placement and Completes Summer Field Program
Suite 1620, 734 – 7th Ave, S.W. Calgary, AB, T2P 3P8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 24-05 SEPTEMBER 10, 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 CLOSES FINAL TRANCHE OF PRIVATE
PLACEMENT AND COMPLETES SUMMER FIELD PROGRAM
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader” or “the Company”) has closed the
final tranche of its private placement raising total gross proceeds of $160,000.
The final tranche consisted of 500,000 Units at a price of $0.05 per Unit or $25,000. Each Unit consists of
one common share and a half common share purchase warrant. Each full common share purchase warrant (a
“Warrant”) entitles the holder to purchase one half of an additional common share at a price of $0.10 per
share until September 9, 2027.
The Warrants also include an acceleration clause, whereby following the date that is 6 months from closing,
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 term of the Warrants will be reduced to
30 days (the "Reduced Term") . The Reduced Term commences on the third business day after the tenth
Premium Trading Day.
All securities issued in connection with this tranche of the Offering will be subj ect to a four month hold
period or January 9, 2025. No finder’s fees were paid in connection with the Offering.
In connection with this closing insiders purchased a total of 500,000 Units for a total of 700,000 Units under
the Private Placement. 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.
Proceeds of the financing are to be used for working capital, general corporate purposes as well as additional
Jade exploration and Jade marketing activities.
Field Program
Following our previous release of August 22, 2024, a two week program of focused sampling on Jade
Leader's multiple properties and targets in Wyoming was completed. The program generated over 67 kilos of
jade and associated materials (including occasional embedded quartz crystals, and in some cases associated
wall rock host), the first 56 kilo s of which the Company has started processing for quality, color and grain
determination and classification into marketing samples, specimens or rough gem product listed for sales.
Updates will be prepared as material is being processed and photographed for marketing purposes.
Qualified Person
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Company’s Qualified Person as defined by
National Instrument 43-101. Mr. Jutras and Jade Leader personnel have maintained full chain of custody of
all sample materials which are the subject of this update throughout the ex traction and testing process and
has approved the technical disclosure contained in this news release.
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 Jade 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”, President/Director
Or Jean Pierre Jutras, President at 1.403.233.0464
www.jadeleader.ca
www.jadeleader.shop
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 i n 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 th e 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 upda te these
forward-looking statements.