07:40:16 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Jaxon Mining Inc
Symbol JAX
Shares Issued 73,516,248
Close 2017-12-04 C$ 0.255
Market Cap C$ 18,746,643
Recent Sedar Documents

Jaxon Mining closes tranche for $776,347

2017-12-04 17:15 ET - News Release

Mr. Jason Cubitt reports

JAXON CLOSES FLOW-THROUGH FINANCING; DRILLING ALMOST COMPLETE

Jaxon Mining Inc. has closed a subsequent tranche of the flow-through financing first announced Oct. 26, 2017.

The company raised a total of $776,347.52 by issuing 2,426,086 flow-through shares at the issue price of 32 cents per share. Total proceeds raised in the flow-through financing to date, including the first close announced on Nov. 13, 2017, are $1,472,000. The Zijin Midas Exploration Fund, already a strategic shareholder of Jaxon, participated in the financing with the lead order. The flow-through shares are part of a donation arrangement structured by PearTree Securities Inc. Proceeds will contribute to financing the nearly complete fall/winter 2017 drill program at Jaxon's Hazelton silver-zinc VMS target in British Columbia's prolific Skeena Arch. Proceeds will also contribute to data integration and modelling from historic work at Jaxon's Moore Creek project in Northern British Columbia's Golden Triangle.

All shares from this placement are subject to a four-month hold from the date of issuance. The private placement is subject to final TSX Venture approval.

About Jaxon Mining Inc.

Jaxon is a precious and base metals exploration company with a regional focus on Western Canada. The company is currently focused on advancing its Hazelton project in north-central British Columbia and the More Creek project (consolidating the Wishbone and Foremore properties) in B.C.'s Golden Triangle.

We seek Safe Harbor.

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