Jade Leader Closes Final Tranche of Private Placement and Completes Summer Field Program
Jade Leader Corp. (TSXV:JADE) has closed the final tranche of its private placement, raising total gross proceeds of $160,000. The final tranche consisted of 500,000 Units at $0.05 per Unit, totaling $25,000. Each Unit includes one common share and a half common share purchase warrant. The company also completed a two-week field program in Wyoming, generating over 67 kilos of jade and associated materials. The first 56 kilos are being processed for quality assessment and marketing purposes. Insiders purchased a total of 700,000 Units in the Private Placement, constituting a related party transaction. Proceeds will be used for working capital, general corporate purposes, and additional jade exploration and marketing activities.
Jade Leader Corp. (TSXV:JADE) ha chiuso l'ultima tranche del suo collocamento privato, raccogliendo un totale di $160.000. L'ultima tranche consisteva in 500.000 unità a $0,05 per unità, per un totale di $25.000. Ogni unità include una azione ordinaria e mezzo warrant per l'acquisto di azioni ordinarie. L'azienda ha anche completato un programma di campo di due settimane in Wyoming, generando oltre 67 chili di giada e materiali associati. I primi 56 chili sono in fase di lavorazione per valutazione della qualità e finalità di marketing. I membri interni hanno acquistato un totale di 700.000 unità nel collocamento privato, costituendo una transazione con parti correlate. I proventi saranno utilizzati per capitale circolante, finalità aziendali generali e ulteriori attività di esplorazione e marketing della giada.
Jade Leader Corp. (TSXV:JADE) ha cerrado la última tranche de su colocación privada, recaudando un total de $160,000. La última tranche consistió en 500,000 unidades a $0.05 por unidad, totalizando $25,000. Cada unidad incluye una acción común y medio warrant para la compra de acciones comunes. La compañía también completó un programa de campo de dos semanas en Wyoming, generando más de 67 kilos de jade y materiales asociados. Los primeros 56 kilos están siendo procesados para la evaluación de calidad y propósitos de marketing. Los internos compraron un total de 700,000 unidades en el colocamiento privado, constituyendo una transacción con partes relacionadas. Los ingresos se utilizarán para capital de trabajo, fines corporativos generales y actividades adicionales de exploración y marketing de jade.
제이드 리더 Corp. (TSXV:JADE)는 최종 사모 배치를 완료했습니다, 총 $160,000의 수익을 모았습니다. 최종 트랜치는 유닛당 $0.05로 500,000 유닛으로 구성되어 있으며, 총 $25,000에 해당합니다. 각 유닛은 하나의 보통주와 반 개의 보통주 구매 워런트를 포함합니다. 회사는 또한 와이오밍에서 2주간의 현장 프로그램을 완료했습니다, 67킬로그램 이상의 제이드와 관련 자료를 생성했습니다. 첫 56킬로그램은 품질 평가와 마케팅 목적으로 처리되고 있습니다. 내부자는 사모 배치에서 총 700,000 유닛을 구매하여 관련 당사자 거래를 의미합니다. 수익은 운영 자본, 일반 기업 목적 및 추가 제이드 탐사 및 마케팅 활동에 사용될 것입니다.
Jade Leader Corp. (TSXV:JADE) a fermé la dernière tranche de son placement privé, levant un total de 160 000 $. La dernière tranche était composée de 500 000 unités à 0,05 $ par unité, totalisant 25 000 $. Chaque unité comprend une action ordinaire et un demi-bulletin de souscription d’actions ordinaires. L'entreprise a également achevé un programme de terrain de deux semaines dans le Wyoming, générant plus de 67 kilos de jade et de matériaux associés. Les premiers 56 kilos sont en cours de traitement pour évaluation de la qualité et marketing. Les initiés ont acheté un total de 700 000 unités dans le placement privé, constituant une transaction avec des parties liées. Les produits seront utilisés pour le fonds de roulement, les besoins généraux de l'entreprise ainsi que pour des activités supplémentaires d'exploration et de marketing du jade.
Die Jade Leader Corp. (TSXV:JADE) hat die letzte Tranche ihrer Privatplatzierung abgeschlossen und dabei ein Gesamterlös von $160.000 erzielt. Die letzte Tranche bestand aus 500.000 Einheiten zu je $0,05 pro Einheit, was insgesamt $25.000 ergibt. Jede Einheit umfasst eine Stammaktie und einen halben Kaufwarrant für Stammaktien. Das Unternehmen hat auch ein zweiwöchiges Feldprogramm in Wyoming abgeschlossen, das über 67 Kilo Jade und verwandte Materialien erzeugt hat. Die ersten 56 Kilo werden zur Qualitätsbewertung und für Marketingzwecke verarbeitet. Insider kauften insgesamt 700.000 Einheiten in der Privatplatzierung, was eine Transaktion mit nahestehenden Personen darstellt. Die Erlöse werden für Betriebskapital, allgemeine Unternehmenszwecke sowie zusätzliche Jade-Explorations- und Marketingaktivitäten verwendet.
- Raised $160,000 in total gross proceeds from private placement
- Completed a two-week field program in Wyoming, generating over 67 kilos of jade and associated materials
- Insiders participated in the private placement, purchasing 700,000 Units
- Related party transaction due to insider participation in the private placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, AB / ACCESSWIRE / September 10, 2024 / Jade Leader Corp. (TSXV:JADE) ("Jade Leader" or "the Company") has closed the final tranche of its private placement raising total gross proceeds of
The final tranche consisted of 500,000 Units at a price of
The Warrants also include an acceleration clause, whereby following the date that is 6 months from closing, in the event the closing price of the Common Shares on the TSX Venture Exchange exceeds
All securities issued in connection with this tranche of the Offering will be subject to a four month hold period or January 9, 2025. No finder's fees were paid in connection with the Offering.
In connection with this closing insiders purchased a total of 500,000 Units for a total of 700,000 Units under the Private Placement. The participation of those individuals constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument MI 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the subject matter of the Private Placement will not exceed
Proceeds of the financing are to be used for working capital, general corporate purposes as well as additional Jade exploration and Jade marketing activities.
Field Program
Following our previous release of August 22, 2024, a two week program of focused sampling on Jade Leader's multiple properties and targets in Wyoming was completed. The program generated over 67 kilos of jade and associated materials (including occasional embedded quartz crystals, and in some cases associated wall rock host), the first 56 kilos of which the Company has started processing for quality, color and grain determination and classification into marketing samples, specimens or rough gem product listed for sales. Updates will be prepared as material is being processed and photographed for marketing purposes.
Qualified Person
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Company's Qualified Person as defined by National Instrument 43-101. Mr. Jutras and Jade Leader personnel have maintained full chain of custody of all sample materials which are the subject of this update throughout the extraction and testing process and has approved the technical disclosure contained in this news release.
About Jade and Jade Leader Corp.
Recent trade articles and mainstream publications suggest that the international Jade market is now larger than the better-known worldwide market for rough diamonds, without any participation in the space by publicly listed Companies prior to the formation of Jade Leader Corp.
Jade Leader, with a Board of Directors having over 120 years of combined experience as mineral exploration geologists with proven track records of discoveries, is led by JP. Jutras, B.Sc Hons geology, P.Geol., who is also an internationally recognized Jade carver with over 30 years of experience.
Jade Leader is leveraging this unique combination of mineral exploration expertise and Jade carving knowledge to advance a portfolio of 6 Jade exploration properties, all carrying nephrite Jade with various characteristics, in stable, mining-friendly jurisdictions in the USA.
On Behalf of the Board of Directors,
"Jean-Pierre Jutras", President/Director
info@jadeleader.ca
Or Jean Pierre Jutras, President at 1.403.233.0464
www.jadeleader.ca
www.jadeleader.shop
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Jade Leader's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Jade Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Jade Leader's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Jade Leader's filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update these forward-looking statements.
SOURCE: Jade Leader Corp.
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