Jayden Gets Approval for $260,000 Loan
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Jayden Resources Inc.,(TSXV: JDN)("Jayden" or the "Company")announces that further to its news release dated June 27, 2025, that it has received TSX Venture Exchange approval for loans totaling $260,000 (the "Loan") to the Company.
The Loan was oversubscribed by $10,000 compared to the $250,000 originally announced on June 27, 2025. The Loan is unsecured, bears an interest rate at 10% per annum, and is repayable within one year, or earlier if the Company completes a private placement. Repayment may occur prior to June 27, 2026.
The Company will allocate $100,000 of the Loan proceeds to buy out a 9.9% share top-up clause on all future equity financings of the Company pursuant to a purchase agreement entered into with Kenorland Minerals Ltd. ("Kenorland") (TSXV: KLD) on October 26, 2022 to acquire the Wheatcroft Property in Manitoba. The remaining funds will be used for general working capital purposes.
For further information about the Company or this news release email [email protected], or call Mike Thast at 604-688-9588 or visit our website at www.jaydenresources.com.
On Behalf of the Board:
"David Eaton"
Chief Executive Officer
Disclosure and Caution
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263397
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