Jayden Completes Distribution of Ascot Shares
#1980, 1075 West Georgia St., Vancouver, BC, V6E 3C9 • Ph: (604) 688-9588 • Fax: (778) 329-9361
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES
JAYDEN COMPLETES DISTRIBUTION OF ASCOT SHARES
VANCOUVER, British Columbia – February 4, 201 9 – Jayden Resources Inc. (“ Jayden” or the
“Company”) (TSX-V: JDN) Further to Jayden’s news release dated January 4 , 201 9 and the TSX
Venture Exchange (“TSXV”) Bulletin dated January 17, 2019, wherein it was announced that the
Company will distribute to its shareholders, by way of a dividend (the “ Dividend”),
0.166815458 of a common share (the “Ascot Shares”) of Ascot Resources Ltd. for each common
share of Jayden (or 1 Ascot Share for every 5.994648308 Jayden common shares).
The original payment date for the distribution w as January 21, 2019 (the “ Payment Date ”).
Jayden’s common shares traded in accordance with the “Due Bill” procedures from January 3,
2019 until the closing of trading on the Payment Date (the “Due Bill Basis Period”). Any trades
executed on the TSXV during the Due Bill Basis Period w ere identified to ensure that purchasers
of Jayden’s common shares receive d entitlement to the Dividend. Sellers of Jayden’s common
shares during the Due Bil l Basis Period sold their entitlement to the Dividend to the respective
purchasers of such common shares. Jayden’s shares commence d trading on an “ex” basis
without an attached Due Bill entitlement to the Dividend from the opening of trading on
January 22, 2019, the next trading day after the Payment Date. The last day for settlement of
trades during the Due Bill Basis Period was January 23, 2019 which is the Dividend Due Bill
redemption date. Due to the requirement that U.S. shareholders must receive cas h instead of
Ascot Shares, the payment of Ascot S hares took place 5 (five) business days from the Due Bill
Redemption date of January 23, 2019 (or January 30, 2019).
Of the 15,179,497 Ascot Shares allotted for distribution, the Company held back 1,947 Ascot
Shares representing 11,674 Jayden common shares related to dormant registered legacy shares
unconverted for years from previous predecessors of the Company who held less than a board
lot ( <500 Jayden shares which is equivalent to 83 or less Ascot Shares ). Jayden shareholders
with less than a board lot whom held their Jayden shares in brokerage firms were paid the
Dividend. Should any of these registered legacy shares be converted to Jayden common shares
on or before June 30, 2019, the Company will pay the se shareholders the cash equivalent of
their entitlement based on the 10 day Volume Weighted Average P rice of the Ascot Shares
prior to and including the Payment Date , or CDN$ 1.06 per Ascot Share (the “Fair Market
Value”). If shareholders do not convert their legacy shares on or before June 30, 2019, these
shareholders will forfeit the Dividend and the balance of the remaining cash will be added to
the Company’s treasury.
No Ascot S hares were distributed to Jayden shareholders who are “U.S. Persons” as su ch term
is defined in rule 902(o) of Regulation S promulgated under the United States Securities Act of
1933 (as amended). Rather, Jayden paid shareholders who are U.S. Persons a cash amount
calculated by the Fair M arket Value of their Ascot Shares times the Bank of Canada’s closing
Canadian/U.S. Dollar Exchange Rate on the Payment Date (or US$0.752 for each Ascot Share).
To cover a portion of the cash D ividend paid to U.S. Persons , the Company borrowed
CDN$150,000. The term of the loan is payable within 2 months and carries a 1% interest rate
per month.
Shareholders are advised to consult with their own tax advisors in relation to the tax
implications to them of the Dividend.
For further information about Jayden and this news release contact Mike Thast at 604 -688-
9588 or email [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS OF
JAYDEN RESOURCES INC.
“David Eaton”
President and Chief Executive Officer
FORWARD LOOKING STATEMENTS: This document includes forwarding -looking states as well as historical information.
Forward-looking statements include, but are not limited to, the continued advancement of the company’s general business
development, research development and the Company’ s development of mineral exploration projects. When used in this
document, the words “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar
expressions may identify forward-looking statements. Jayden believes that their expectations reflected in these forward-looking
statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results
will be consistent with these forward- looking statements. Important factors that could cause actual results to differ from these
forward-looking statements include potential fluctuations in the marketplace for the sale of minerals, the inability to implement
corporate strategies, the ability to obtain financing and other ris ks disclosed in our filings made with Canadian Securities
Regulators.
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.
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 laws.