Jade Leader Corp Secures $265,000 in Private Placement for Expansion

An announcement from Jade Leader Corp ( (TSE:JADE) ) is now available.

Jade Leader Corp has successfully closed a non-brokered private placement, raising CDN$265,000 through the sale of 6,625,000 common shares at $0.04 each. The funds will be utilized for working capital, general corporate purposes, and further jade exploration and marketing efforts. Key insiders, including the company’s president Jean-Pierre Jutras and Normand Goupil, participated significantly in the offering, highlighting their commitment to the company’s growth. This transaction represents a ‘related party transaction’ under TSX Venture Exchange Policy but qualifies for certain exemptions, indicating confidence in the company’s strategic direction.

More about Jade Leader Corp

Jade Leader Corp is a company involved in the exploration and marketing of jade, operating within the precious stones and minerals sector. The company focuses on developing jade resources and expanding its market presence.

YTD Price Performance: 40.0%

Average Trading Volume: 73,717

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.38M

For detailed information about JADE stock, go to TipRanks’ Stock Analysis page.