Mr. David Eaton reports
JAYDEN RESOURCES INC.: PRIVATE PLACEMENT UPDATE
Further to its news release dated Feb. 28, 2014, wherein Jayden Resources Inc. announced the arrangement of a $600,000 non-brokered private placement consisting of six million units priced at 10 cents per unit. The company will reprice the warrant attached to the unit which now entitles the holder to purchase one additional share at 11 cents for a two-year period.
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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