Jade Leader Closes First Tranche Of Private Placement And Announces Summer Field Program

Jade Leader Corp. (TSX.V:JADE) has successfully closed the first tranche of its previously announced non-brokered private placement. The tranche includes 2,700,000 units at $0.05 per unit, raising gross proceeds of $135,000. Each unit comprises one common share and a half-common share purchase warrant, allowing the purchase of an additional half-common share at $0.10 until August 22, 2027. The warrants feature an acceleration clause if the share price exceeds $0.25 for ten consecutive trading days.

No finder's fees were issued, and the common shares have a four-month hold period. Current insiders purchased 250,000 units, while Normand Goupil also acquired 1,500,000 units, becoming a new insider with a 10.4% stake. The proceeds will support working capital, corporate purposes, jade exploration, and marketing activities.

Jade Leader will start a new phase of test sampling at its Wyoming properties in August. The program focuses on the Sky Zone and additional targets, aiming to meet market demand for various jade colors and textures. Qualified Person Jean-Pierre Jutras oversees the sampling program, with full chain of custody maintained for all samples.