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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 10, 2014) - Jayden Resources Inc. (the "Company") (JDN.TO) intends to complete a private placement of convertible debentures for up to $240,000. Each debenture issued will have a principal amount of $1,000. The debentures will bear no interest on the principal amount and have a term of 24 months, expiring on the date that is 24 months from the date of closing of the private placement. The Company may repay in whole or in part the debentures at any time prior to the maturity date. Each debenture is convertible into units at 12 cents per unit. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the Company for a period of 24 months after the closing of the debentures at a price of 12 cents per warrant. The proceeds will be used for the company's working capital purposes. The offering will be made available by way of private placement exemptions in Canada and may be offered in other jurisdictions where they can be issued, exempt from any prospectus, registration or other similar requirements. The offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange. All shares issued in connection with the debentures will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law legislation. On Behalf of the Board: Letty Wan, President and Chief Executive Officer The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
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Jayden Resources Inc
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EXPLORATION STAGE |
CODE : JDN.TO |
ISIN : KYG5086A1141 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Jayden Re is a zinc and gold exploration company based in Canada. Jayden Re holds various exploration projects in Canada. Its main exploration properties are SURPRISE CREEK and SILVER COIN in Canada. Jayden Re is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.0 millions, € 1.8 millions). Its stock quote reached its highest recent level on December 10, 2010 at CA$ 4.00, and its lowest recent point on October 02, 2015 at CA$ 0.03. Jayden Re has 65 790 000 shares outstanding. |