Mr. Jean-Pierre Jutras reports
JADE LEADER ANNOUNCES EARLY WARRANT EXERCISE INCENTIVE PROGRAM
Jade Leader Corp. intends to apply for regulatory approval for a warrant exercise incentive program designed to encourage the early exercise of up to 3.8 million of its outstanding unlisted warrants.
Jean-Pierre Jutras, president, stated, "This is an opportunity for warrant holders to exercise their warrants early and receive an incentive to do so, which will provide a comfortable margin of additional capital to continue the advancement of our Jade exploration programs, both in terms of advancing drill permitting at DJ, and in doing the initial phases of work on our expanding portfolio of jade opportunities."
Pursuant to the program, the corporation is offering an inducement to the warrant holders who hold 3.8 million warrants exercisable at 10 cents per share and who exercise their warrants during a 20-calendar-day early exercise period. The 20-day early exercise period will commence upon receipt of regulatory approval. The corporation will issue an incentive warrant to a warrant holder who exercises their warrants during the early exercise period. Each incentive warrant will entitle the holder to acquire an additional common share at a price of 30 cents per share for a period of two years from the date of issuance. The incentive warrants will be subject to a four-month hold period from the date of issuance.
If a warrant holder determines not to participate in the incentive program, the warrant holder may exercise their warrants on their original terms following the expiry of the incentive period.
The terms and conditions of the program and method of exercising warrants pursuant to the program will be set forth in a letter which will be delivered to each warrant holder. Warrant holders who wish to participate in the program will agree to exercise their warrants and deliver the necessary documents and consideration to the corporation. After this is complete, the corporation will issue the incentive warrants.
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