Jade Leader Announces Financing

CALGARY, AB / ACCESSWIRE / July 18, 2024 / Jade Leader Corp. (TSX.V: JADE) has announced a non-brokered private placement of up to 4 million Units at $0.05 per Unit for gross proceeds of up to CDN$200,000.

Each Unit includes one common share and half a common share purchase warrant. A full warrant allows the holder to purchase an additional common share at $0.10 per share for three years. The term will reduce to 30 days if the share price exceeds $0.25 for ten consecutive days.

The offer is available to accredited investors with a hold period of four months plus one day. A finder's fee of 5% may be paid. This financing awaits TSX Venture approval.

Funds will be used for working capital, corporate purposes, and Jade exploration and marketing. Insiders may participate, constituting a related party transaction under TSX Venture Policy 5.9 and MI 61-101 exemptions.