VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/15 -- Jayden Resources Inc. ("Jayden" or the "Company") (TSX: JDN) -
Further to its news release dated June 5, 2015, the Company announces that it has closed the first tranche of a non-brokered private placement (the "Private Placement") consisting of 2,300,000 units (the "Units") at a price of $0.07 per Unit for gross proceeds of $161,000. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share (a "Warrant Share") of the Company at a price of $0.09 per Warrant Share until June 24, 2017. No finder's fees or commissions were paid in relation to the Private Placement.
The Shares and any Warrant Shares are subject to a four-month-plus-one-day hold period expiring on October 25, 2015. The proceeds from the Private Placement will be used for general working capital.
On Behalf of the Board:
Letty Wan, President and CEO
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.
Jayden Resources Inc.
(778) 329-9361 (FAX)