Jaeger Resources arranges $200,000 private placement

Executive Summary

• Jaeger Resources Corp. announced a non‑brokered private placement of up to 20 million common shares at C$0.01 per share, targeting gross proceeds of up to $200,000.
• Net proceeds will be allocated 25% to repay arm’s‑length creditor payables, 25% to professional fees (legal and audit), and 50% to general working capital.
• The offering may be closed in one or more tranches; there is no minimum share count or aggregate proceeds required, and finders’ fees may be paid in cash or securities.

Key Details

• Offering size: Up to 20 million common shares.
• Issue price: C$0.01 per share.
• Gross proceeds target: Up to $200,000.
• Use of net proceeds:
• 25% – repayment of certain payables to arm’s‑length creditors.
• 25% – professional fees (legal, audit, etc.).
• 50% – general working capital.
• Placement structure: Non‑brokered private placement; company may adjust size at its discretion per TSX Venture Exchange NEX board policies.
• Closing conditions: No minimum share count or aggregate proceeds; closing may occur in one or multiple tranches; subject to regulatory, corporate and exchange approvals.
• Finders’ fees: May be paid in cash, securities, or a combination, as permitted by exchange policy.
• Statutory hold period: Shares subject to a four‑month plus one‑day hold period from issuance under applicable securities legislation.

Notable Quotes

(No direct quotes were provided in the release.)