14:18:45 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Jaxon Minerals Inc (2)
Symbol JAX
Shares Issued 39,430,339
Close 2017-06-16 C$ 0.315
Market Cap C$ 12,420,557
Recent Sedar Documents

Jaxon closes $322,500 first tranche of placement

2017-06-16 16:17 ET - News Release

Mr. Jason Cubitt reports

JAXON ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Jaxon Minerals Inc. has completed a first tranche closing of its non-brokered private placement previously announced June 15, 2017. The first tranche closing consisted of the issuance of a total of 1.29 million units at a price of 25 cents per unit for gross proceeds of $322,500.

As announced, the non-brokered private placement consists of the company issuing up to four million units at a price of 25 cents per unit for gross proceeds of up to $1-million. Each unit will comprise one common share and one-half common share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at 35 cents per share with an expiry date of two years from the closing of the private placement.

The private placement is subject to TSX Venture Exchange approval.

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