Jayden Arranges Unit Offering
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Jayden Arranges Unit Offering
Vancouver, B.C., October 4, 2021. Jayden Resources Inc., ("Jayden" or the “Company” ) (TSXV:JDN) is
pleased to announce a unit offering (“Offering”) of up to 8,000,000 units ("Units") at a price of $0.50 per
Unit for gross proceeds of up to $ 4,000,000. Each Unit will be comprised of one (1) common share in
the capital of Jayden (“Common Share”) and one transferable Common Share purchase w arrant
(“Warrant”). Each Warrant entitles the holder to purchase one (1) additional Common Share at a price
of $0.80 for a period of two (2) years following the date of closing.
The Warrants will be subject to an ac celeration clause whereby, commencing on the date that is four
months and one day following the closing date. Jayden may, in its sole discretion, provide notice to
warrant holders to shorten the Warrant expiry date to 30 days from the notice date if the daily volume
weighted average closing price of Jayden’s shares is greater than $ 1.00 for the 10 consecutive trading
days preceding the notice date.
The private placement is subject to TSX Venture Exchange approval. The shares and units will be subject
to a four -month-plus-one-day hold period from the date of issuance . Approximately $3M of the
proceeds wi ll be used to advance the Company’s recently acquired Storm Lake Gold Property. The
balance of the proceeds will be used for working capital purposes.
For further information about this news release or the Company visit our website at
www.jaydenresources.com, email [email protected], or call Mike Thast at 778-331-2093.
On Behalf of the Board:
"David Eaton"
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.