James Bay Resources Limited Announces Closing of Second Tranche of Offering

Executive Summary

• James Bay Resources Limited closed the second tranche of its non‑brokered private placement, raising $157,000 from the issuance of 7,875,000 common shares at $0.02 per share.
• Combined with the first tranche (raised $75,000), total gross proceeds to date amount to $232,000 for the offering.
• The newly issued shares are subject to a four‑month plus one‑day regulatory hold period from the closing date.

Key Details

• First Tranche (Oct 28 2025): $75,000 gross proceeds; 3,750,000 common shares at $0.02 per share.
• Second Tranche (Jan 23 2026): $157,000 gross proceeds; 7,875,000 common shares at $0.02 per share.
• Total Offering Size: 11,625,000 common shares issued for a combined $232,000 in gross proceeds.
• Regulatory Hold: All shares issued in the second tranche are subject to a four‑month plus one‑day hold period beginning on the closing date.
• Securities Status: Not registered under the U.S. Securities Act of 1933; cannot be offered or sold in the United States absent registration or an exemption.
• Company Share Count (as of release): 90,201,241 issued and outstanding shares.

Notable Quotes

(No executive quotes were included in the release.)