JAYDEN RESOURCES INC. ("JDN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement, Private Placement-Non-Brokered
BULLETIN DATE: January 18, 2021
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange has accepted for filing an Option Agreement dated September 4, 2020 between Teuton Resources Corp. ("Teuton") and Jayden Resources Inc. (the "Company"), whereby the Company has the option to acquire a 55% interest in the Harry and Outland Silver Bar Properties located in the Skeena Mining Division, BC by making a cash payment of $180,000 ($25,000 in the first year) and incurring $2 million ($100,000 in the first year) exploration expenditures over 5 years. Additional 20% interest may be acquired by satisfying certain deliverables on or before the 15th anniversary of the effective date or 20th anniversary of the effective date.
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 9, 2020 and November 13, 2020:
Number of Shares: 11,800,000 shares
Purchase Price: $0.05 per share
Warrants: 11,800,000 share purchase warrants to purchase 11,800,000 shares
Warrant Exercise Price: $0.07 for a two-year period
Number of Placees: 17 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
David Eaton Y 2,000,000
Aggregate Pro Group Involvement P 1,000,000
[1 Placee]
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued news releases dated November 13, 2020 and January 15, 2021 announcing the closing of the private placement and setting out the expiry dates of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
|
|
