Jayden Resources Announces Private Placement
Vancouver, B.C., September 6, 2016; Jayden Resources Inc. (JDN: TSXV) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement with Eric Sprott as lead investor. The Company will issue up to 15,000,000 units (each, a “Unit”) at a price of $0.08 per Unit (the “Subscription Price”) for gross proceeds of up to $1,200,000 (the “Offering”).
Each Unit shall be comprised of one common share (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at a price of $0.12 per Common Share for a period of thirty-six (36) months from the date of issuance.
The Company will pay a cash commission to eligible persons (“Finders”) equal to 8% of the gross proceeds of the Offering and issue non-transferable broker warrants (“Broker Warrants”) equal to 8% of the Units issued pursuant to the Offering. Each Broker Warrant will entitle the holder to acquire one Common Share for a period of twenty four (24) months following the Closing Date at a price of $0.12 per Common Share.
David Eaton says: "Jayden is very pleased to have Mr. Sprott as a shareholder of the company. We appreciate his support as we focus on creating shareholder value at Silver Coin. Eric Sprott and his team have an exceptional track record for identifying quality assets with large upside potential, his involvement is a big vote of confidence to the merits of this project."
The securities issued pursuant to the Offering will be subject to a four month and one-day statutory hold period. The Offering is also subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
On Behalf of the Board:
President and Chief Executive Officer
The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.