The Prospector News

Jaxon Closes Second Tranche of Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Jaxon Closes Second Tranche of Non-Brokered Private Placement

 

 

 

 

 

Jaxon Mining Inc. (TSX-V: JAX) (FSE: OU31) (OTC: JXMNF) announces that further to its news releases dated October 2nd and 21st, 2019 the Company has closed the second tranche of its non-brokered private placement to raise gross proceeds of $350,000 through the issuance of 7,000,000 non flow-through units priced at $0.05 per NFT Unit, bringing the total raised in two tranches to $1,260,000. Each NFT Unit will comprise of one common share and one-half common share purchase warrant. Each whole purchase warrant will entitle the holder to purchase one common share at $0.075 per share. The warrants will have an expiry date of two years from the date of issuance.

 

The securities issued in this tranche will be subject to a hold period of four months expiring March 5, 2020. No finder’s fees were paid. The Private Placement is subject to final acceptance of the TSX Venture Exchange.

 

The Company wishes to clarify its last news release dated October 21, 2019. The Company raised $910,000 in the first tranche through the sale of 13,000,000 flow-through units  priced at $0.07 per FT Unit.

 

Proceeds raised from the second tranche will be used for general corporate and working capital requirements.

 

About Jaxon Mining Inc.

 

Jaxon is a precious and base metals exploration company with a regional focus on Western Canada. The Company is currently focused on advancing its Red Springs Project in north-central British Columbia.

 

Posted November 6, 2019

Share this news article

MORE or "UNCATEGORIZED"


Infill Drilling at San Albino Complete, Highlighted by Intercepts of 69.99 g/t Gold Over 1.8 Meters and 47.89 g/t Gold Over 2.6 Meters; MDA Hired to Update 43-101 Resource Estimate at San Albino in Q3

Mako Mining Corp. (TSX-V: MKO) (OTCQB: MAKOF) is pleased to repor... READ MORE

May 27, 2020

Equinox Gold Receives $145 Million from Exercise of Warrants

Equinox Gold Corp.(TSX: EQX) (NYSE American: EQX) reports t... READ MORE

May 27, 2020

Sama Resources Announces Positive Preliminary Economic Assessment for Samapleu Project

Pre-tax NPV of USD$615M and IRR of 32.5% over a 20-year mine life... READ MORE

May 27, 2020

Pure Gold Mining Raises $12.3 Million From the Exercise of Share Purchase Warrants

Pure Gold Mining Inc. (TSX-V: PGM) (LSE: PUR) is pleased to annou... READ MORE

May 27, 2020

G2 Drills 4.8 m @ 10.6 g/t Au and 25 m @ 2.2 g/t Au in 200 m Step-out Hole

G2 Goldfields Inc. (TSX-V: GTWO) announces further high-grade dri... READ MORE

May 27, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions