Financings
Jayden receives TSX-V approval for $260,000 in loans
JDN · Price
Executive Summary
- Jayden Resources Inc. received TSX Venture Exchange approval for a $260,000 unsecured loan (interest 10% per annum, one‑year term).
- The loan was oversubscribed by $10,000 versus the originally announced $250,000 amount.
- $100,000 of proceeds will be used to buy out a 9.9% share top‑up clause on future equity financings; the balance is earmarked for general working capital.
Key Details
- Loan Amount: $260,000 (originally announced $250,000; oversubscribed by $10,000).
- Interest Rate: 10 % per annum.
- Maturity: Repayable within one year or earlier upon completion of a private placement; repayment may occur before June 27 2026.
- Security: Unsecured loan.
- Use of Proceeds:
- $100,000 to purchase the 9.9‑percent share top‑up clause on all future equity financings under the purchase agreement with Kenorland Minerals Ltd. (dated Oct. 26 2022) related to the Wheatcroft property in Manitoba.
- Remaining $160,000 for general working capital purposes.
Notable Quotes
No executive quotes were provided in the release.