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Jayden Resources ( (TSE:JDN) ) has provided an announcement.
Jayden Resources Inc. has secured approval from the TSX Venture Exchange for a $260,000 loan, which was oversubscribed by $10,000 from the initially announced amount. The loan, which is unsecured and carries a 10% annual interest rate, will be used to buy out a 9.9% share top-up clause related to a previous agreement with Kenorland Minerals Ltd. for the acquisition of the Wheatcroft Property, with the remaining funds allocated for general working capital. This financial move is expected to enhance Jayden’s operational flexibility and support its strategic initiatives in the mining sector.
More about Jayden Resources
Jayden Resources Inc. operates in the mining industry, focusing on the acquisition and development of mineral properties. The company is involved in exploring and developing resources, with a market focus on expanding its portfolio through strategic partnerships and acquisitions.
Average Trading Volume: 59,898
Technical Sentiment Signal: Buy
Current Market Cap: C$3.22M
See more insights into JDN stock on TipRanks’ Stock Analysis page.