|By Marketwired .||
|February 28, 2014 07:30 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/28/14 -- Jayden Resources Inc. ("Jayden" or the "Company") (TSX: JDN) announces that it has arranged a $600,000 non-brokered private placement financing in which certain insiders and shareholders intend to participate. The private placement consists of 6 million units priced at ten 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.
On Behalf of the Board:
David Eaton, President and Director
The Toronto Stock Exchange has not yet reviewed and does not take responsibility for the adequacy of the content of this news release.