06:39:26 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Jaxon Mining Inc
Symbol JAX
Shares Issued 65,400,460
Close 2017-09-18 C$ 0.295
Market Cap C$ 19,293,136
Recent Sedar Documents

Jaxon Mining appoints Swensson VP, exploration

2017-09-18 16:17 ET - News Release

Mr. Jason Cubitt reports

JAXON ANNOUNCES VP EXPLORATION AND INVESTOR RELATIONS; GRANTS OPTIONS

Jaxon Mining Inc.'s Carl Swensson has been appointed vice-president, exploration. Mr. Swensson has been a member of Jaxon's technical advisory board since June, 2017, and has extensive experience in mineral exploration and resource assessment with more than 20 years in a leadership capacity. He has managed numerous exploration projects over five continents in most commodities and deposit styles for gold, base metals, lithium, uranium, diamonds, coal and graphite. Mr. Swensson has a proven record for company management from juniors to multinationals, including chief geologist, exploration for Normandy Mining from 1989 to 2002. In that period, Normandy Mining grew from less than $100-million to $4.9-billion in market capitalization.

Jaxon has also retained the services of Mark Carruthers to provide in-house investor relations on a month to month basis beginning Sept. 15, 2017. Mr. Carruthers has over eight years of investor relations experience including 25 years of market experience and has previously provided marketing and support to other junior public companies. In consideration, the company has agreed to pay a monthly fee of $5,500 and has granted Mr. Carruthers 250,000 stock options exercisable at a price of 31.5 cents for a period of two years from the date of grant. These options are granted subject to the company's stock option plan, and will have a vesting provision such that 25 per cent of the options are available upon the date of the grant, and 25 per cent become available every three months thereafter. These agreements are subject to regulatory approval and all terms will be subject to and in accordance with the policies and rules of the TSX Venture Exchange.

The company is also granting a further 2.55 million new stock options to directors, officers and consultants, subject to the company's stock option plan. The options granted are for a period of two years, expiring on Sept. 18, 2019, and exercisable at a price of 31.5 cents. A portion of these options will also have identical vesting provisions as above.

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