JADE LEADER CORP. ("JADE")
BULLETIN TYPE: Warrant Term Extension, Warrant Price Amendment
BULLETIN DATE: November 14, 2023
TSX Venture Tier 2 Company
Further to TSX Venture Exchange (the "Exchange") bulletin dated November 29, 2021, the Exchange has consented to an extension to the expiry date and the reduction of the exercise price of the following warrants:
Private Placement:
# of Warrants: 1,607,142
Original Expiry Date of Warrants: November 17, 2023
New Expiry Date of Warrants: November 17, 2025
Original Exercise Price of Warrants: $0.14
New Exercise Price of Warrants: $0.07
Forced Exercise Provision: If the closing price for the Company's shares exceeds $0.07 by 25% or more for a period of 10 consecutive trading days (the "Premium Trading Days"), then the warrant holders will have 30 days (the "Reduced Term") to exercise their warrants. The Reduced Term would commence on the third business day after the tenth Premium Trading Day.
These warrants were issued pursuant to a private placement of 3,214,285 common shares, with 1,607,142 share purchase warrants attached, which was accepted for filing by the Exchange effective November 29, 2021.
For further details, please refer to the Company's news release dated November 2, 2023.
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