Jayden amends unit offering terms

Oct 13, 2021

2021-10-12 22:03 ET – News Release

Mr. David Eaton reports

JAYDEN AMENDS WARRANT TO UNIT OFFERING

Further to the news release dated Oct. 4, 2021, wherein Jayden Resources Inc. announced a unit offering of up to eight million units at a price of 50 cents per unit for gross proceeds of up to $4-million, with each unit being composed of one common share in the capital of Jayden and one transferable common share purchase warrant, each warrant entitling the holder to purchase one additional common share at a price of 80 cents for a period of two years following the date of closing.

The Unit will now be comprised of one (1) Common Share and one-half (1/2) of a of one (1) transferable Common Share purchase Warrant at a price of $0.50 per Unit. Each whole 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 acceleration 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 will 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.

https://jaydenresources.com/