Jayden Resources Inc. Closes Convertible Debenture Financing
06.11.2014 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Nov 6, 2014) - Jayden Resources Inc. (the "Company") (TSX:JDN), announces that further to its press release dated October 10, 2014, it has completed a non-brokered private placement of $204,000 aggregate principal amount of unsecured convertible debentures. The debentures will bear no interest, will mature on November 6, 2016, and are convertible, at the election of the holder, at any time between November 6, 2014 and the maturity date. Each debenture is convertible into units of the Company at a price of 12 cents per unit.Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire an additional common share at a price of 12 cents until November 6, 2016.
No finder's fees or commissions were paid in relation to the financing. All securities issued in connection with the offering are subject to a hold period expiring on March 7, 2015, in accordance with applicable securities legislation. The net proceeds of the offering will be used for the company's working capital purposes.
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.
Contact
Jayden Resources Inc.
604-688-958
info@jaydenresources.com
www.jaydenresources.com