12:10:03 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Jaxon Minerals Inc (2)
Symbol JAX
Shares Issued 29,342,195
Close 2017-04-24 C$ 0.085
Market Cap C$ 2,494,087
Recent Sedar Documents

Jaxon Minerals 8,463,144-share private placement

2017-04-24 20:42 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 14, 2017, and March 30, 2017.

Number of shares:  8,463,144 shares

Purchase price:  seven cents per share

Warrants:  8,463,144 share purchase warrants to purchase 8,463,144 shares

Warrant exercise price:  12 cents for a two-year period

Number of placees:  27 placees

Insider:  Jason Cubitt, one million

Aggregate pro group involvement:  500,000 (two placees)

Finders' fees:  $8,921.61 payable to Ascenta Finance Corp., with 127,452 options (Each option is exercisable into one unit at seven cents, each unit consisting of one share and one warrant. Each warrant is exercisable at 12 cents for two years.); $18,760 payable to Quaestus Strategies Corp. (Emma Fairhurst), with 268,000 warrants exercisable at 12 cents for two years

The company issued news releases on April 5, 2017, and April 21, 2017, confirming closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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