Mr. Jean-Pierre Jutras reports
JADE LEADER CLOSES FINAL TRANCHE OF FINANCING
Jade Leader Corp. has closed the final tranche of its previously announced non-brokered private placement and has issued a total of 4,595,816 units pursuant to this private placement for gross proceeds of $1,148,954.
The final tranche consisted of 730,000 units at a price of 25 cents per unit for gross proceeds of $182,500. Each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one additional common share at a price of 40 cents per share until Oct. 23, 2020. The common shares issued pursuant to this private placement are subject to a hold period until Feb. 24, 2019. Insiders of the company purchased a total of 40,000 units. In connection with this tranche of the offering, Jade Leader has agreed to pay finders' fees of $1,250.
The net proceeds from the offering will be used for working capital, general corporate purposes and property exploration expenditures.
We seek Safe Harbor.
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