Jayden Announces Shares-for-Debt Settlement

Jayden Resources Inc. announced on July 24, 2026, a debt settlement agreement designed to extinguish approximately $378,442 of indebtedness. The settlement is executed through the issuance of 1,851,248 common shares at a deemed price of $0.25 per share. A related-party component is included in the transaction, wherein President and CEO David Eaton receives 406,808 shares to settle his personal portion of the debt.

The transaction relies on exemptions from formal valuation and minority shareholder approval under Multilateral Instrument 61-101, as the fair market value does not exceed 25% of the company's market capitalization. Completion is contingent upon acceptance by the TSX Venture Exchange. All issued shares carry a statutory hold period of four months and one day.

Jayden Resources Inc. (JDN) is undertaking a transaction that will dilute existing shareholders by approximately 1.85 million shares, representing a roughly 3.2% increase in the outstanding share count. While the deal reduces total liabilities by approximately $378,442, it does not inject fresh cash into the company. Consequently, the balance sheet remains critically illiquid, holding only $7,545 in cash and carrying a $1.08 million working capital deficit.

The move aligns with the company's historical reliance on debt and equity financings to maintain operations, a pattern previously observed with the August 2025 approval of a $260,000 loan. The related-party nature of the settlement signals insider participation but also highlights the company's inability to secure external, arm's-length capital at favorable terms.

The transaction is consistent with the Q1 2026 financials, which reported zero revenue, negative operating cash flow, and a going concern flag.

Jayden Resources Inc. (JDN) is a pre-revenue gold exploration company whose flagship assets include the Storm Lake property in Quebec's Frotet-Evans Greenstone Belt and the Wheatcroft property in Manitoba. The company has transitioned both properties to a maintenance phase, with zero exploration expenditure reported in Q1 2026.

An NI 43-101 technical report has been completed for Storm Lake, and permits for a base camp and drilling have been obtained. Management's stated strategy is to maintain the properties and secure external financing or strategic partnerships to advance toward development.