Jayden Resources Closes Oversubscribed Private Placement

Jayden Resources Inc. has successfully closed a non-brokered private placement, raising more than anticipated. On September 23, 2026, the company announced the completion of the offering, which was initially set to raise up to $1,000,000 through the sale of 5,128,205 units at a price of $0.195 per unit. However, the offering was oversubscribed, with a total of 5,285,202 units sold, generating gross proceeds of $1,030,614.

Each unit consisted of one common share and one transferable common share purchase warrant. The warrants, which can be exercised to purchase one additional share at a price of $0.26 per share, will expire on September 23, 2028. No finder's fees or commissions were paid in connection with the offering.

The proceeds from this private placement will be used for general working capital purposes. According to the company, the oversubscription of the offering indicates strong investor interest in the firm's future prospects. The TSX Venture Exchange must still approve the closing of the offering, a process expected to be completed shortly.

Jayden Resources Inc. has not provided additional commentary on the significance of this fundraising round, focusing instead on the financial details.

The securities issued as part of this offering are subject to a hold period of four months and one day, in accordance with applicable securities laws. This ensures that the shares and warrants cannot be traded until the restriction period expires, providing a level of stability for the company's financial position.