Jayden Announces Closing of Debt Settlement

Jayden settles $462,812 of debt by issuing new shares to creditors, including its CEO, under MI 61‑101 related party exemptions.

Rhea-AI Summary

Jayden Resources (JDNRF) has closed a TSX Venture‑approved debt settlement, clearing $462,812 of outstanding indebtedness through share issuance.

The company issued 1,851,248 common shares at a deemed price of $0.25 per share to creditors in full and final settlement of the debt. All debt-settlement shares are subject to a hold period of four months and one day. President and CEO David Eaton, as a non‑arm’s‑length insider, received 406,808 shares under the related party transaction, which the company states is exempt from formal valuation and minority approval requirements under MI 61‑101.

Positive

• Debt reduced by $462,812 through share-for-debt settlement, improving the company’s balance sheet without increasing liabilities.
• 1,851,248 shares issued at a fixed deemed price of $0.25, fully extinguishing the specified indebtedness.
• Transaction approved by TSX Venture Exchange, confirming completion under applicable exchange policies.

Negative

• Shareholder dilution from issuance of 1,851,248 new common shares to creditors.
• 406,808 shares issued to CEO David Eaton constitute a related party transaction, which can raise governance perception considerations for some investors.

News Explained

With the debt settlement now closed, Jayden Resources’ issuance of 1,851,248 shares to creditors increases the total share count and, absent offsetting changes, reduces existing holders’ percentage ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2026) - Jayden Resources Inc. (TSXV: JDN) (the "Company" or "Jayden") announces that, further to its news releases dated July 24, 2026 and August 11, 2026, it has received TSX Venture Exchange (the "TSXV") approval and closed its debt settlement transaction (the "Debt Settlement") to settle an aggregate of $462,812 of outstanding indebtedness (the "Debt") owing to certain creditors of the Company (each a "Creditor" and together the "Creditors").

Pursuant to the Debt Settlement, the Company has issued an aggregate of 1,851,248 common shares of the Company (each a "Debt Share") to the Creditors at a deemed price of $0.25 per Debt Share, in full and final settlement of the Debt.

All Debt Shares issued pursuant to the Debt Settlement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSXV.

An insider of the Company participated in the Debt Settlement. Of the Debt settled, David Eaton, the Company's President, Chief Executive Officer and a director of the Company, was a non-arm's-length party to the Company, and was issued 406,808 Debt Shares pursuant to the Debt Settlement. The issuance of the Debt Shares to Mr. Eaton is considered to be a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 (and Policy 5.9) contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Debt Shares issued to Mr. Eaton did not exceed 25% of the Company's market capitalization.

For further information about this news release and the Company's current activities contact info@jaydenresources.com, visit our website at www.jaydenresources.com or call us at 604-688-9588.

On Behalf of the Board:

"David Eaton"
President & Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313181

FAQ

What debt settlement did Jayden Resources (JDNRF) announce on September 4, 2026?

Jayden Resources announced it has closed a TSX Venture‑approved debt settlement, issuing shares to creditors to fully settle $462,812 of outstanding indebtedness.

How many shares did Jayden Resources issue in its debt settlement and at what price?

Jayden Resources issued an aggregate of 1,851,248 common shares to creditors at a deemed price of $0.25 per share, in full and final settlement of the debt.

Is there a hold period on the Jayden Resources (JDNRF) debt settlement shares?

Yes. All common shares issued under the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance, under applicable securities laws and TSX Venture policies.

Did any insider participate in the Jayden Resources debt settlement and how many shares did they receive?

Yes. President and CEO David Eaton participated as a non‑arm’s‑length insider and received 406,808 common shares as part of the debt settlement transaction.

Why is the Jayden Resources transaction considered a related party deal under MI 61-101?

The transaction is a related party deal because insider David Eaton received 406,808 shares. The company states it relied on MI 61‑101 exemptions since the fair market value of his shares did not exceed 25% of its market capitalization.

Did Jayden Resources need minority shareholder approval for the debt settlement with its CEO?

No. The company relied on exemptions in MI 61‑101, stating that the fair market value of the shares issued to CEO David Eaton was below 25% of its market capitalization, so formal valuation and minority approval were not required.