Mr. David Eaton reports
JAYDEN ARRANGES PRIVATE PLACEMENT
Jayden Resources Inc. has arranged a $600,000 non-brokered private placement financing in which certain insiders and shareholders intend to participate. The private placement consists of six million units priced at 10 cents each. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at 15 cents for a two-year period. No commissions are payable.
The private placement is subject to Toronto Stock Exchange approval. The shares and units will be subject to a four-month-plus-one-day hold period. The net proceeds of the unit private placement will be used for working capital purposes.
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