Jayden Gets Approval for $260,000 Loan

Rhea-AI Summary

Jayden Resources (TSXV: JDN) has secured TSX Venture Exchange approval for a $260,000 loan, exceeding the initially announced $250,000 by $10,000. The unsecured loan carries a 10% annual interest rate and must be repaid by June 27, 2026, with earlier repayment possible if the company completes a private placement.

Of the loan proceeds, $100,000 will be used to buy out Kenorland Minerals' 9.9% share top-up clause related to the Wheatcroft Property acquisition in Manitoba. The remaining funds will support general working capital needs.

Positive

• Secured $260,000 in financing through loan approval
• Elimination of 9.9% share top-up clause through $100,000 buyout, reducing future equity dilution risk
• Flexible repayment terms with early repayment option

Negative

• High interest rate of 10% per annum on the loan
• Additional debt burden with $260,000 unsecured loan
• Oversubscription of loan by $10,000 indicates potential higher financing needs

Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Jayden Resources Inc., (TSXV: JDN) ("Jayden" or the "Company") announces that further to its news release dated June 27, 2025, that it has received TSX Venture Exchange approval for loans totaling $260,000 (the "Loan") to the Company.

The Loan was oversubscribed by $10,000 compared to the $250,000 originally announced on June 27, 2025. The Loan is unsecured, bears an interest rate at 10% per annum, and is repayable within one year, or earlier if the Company completes a private placement. Repayment may occur prior to June 27, 2026.

The Company will allocate $100,000 of the Loan proceeds to buy out a 9.9% share top-up clause on all future equity financings of the Company pursuant to a purchase agreement entered into with Kenorland Minerals Ltd. ("Kenorland") (TSXV: KLD) on October 26, 2022 to acquire the Wheatcroft Property in Manitoba. The remaining funds will be used for general working capital purposes.

For further information about the Company or this news release email info@jaydenresources.com, or call Mike Thast at 604-688-9588 or visit our website at www.jaydenresources.com.

On Behalf of the Board:

"David Eaton"

Chief Executive Officer

Disclosure and Caution
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263397

FAQ

What is the interest rate and terms of Jayden Resources' new $260,000 loan?

The loan has a 10% annual interest rate, is unsecured, and must be repaid by June 27, 2026, with earlier repayment possible if the company completes a private placement.

How will Jayden Resources (TSXV: JDN) use the loan proceeds?

$100,000 will buy out Kenorland Minerals' 9.9% share top-up clause related to the Wheatcroft Property, with remaining funds for general working capital.

When does Jayden Resources need to repay the $260,000 loan?

The loan must be repaid within one year, by June 27, 2026, or earlier if the company completes a private placement.

What is the significance of the share top-up clause buyout for Jayden Resources?

The $100,000 buyout eliminates Kenorland Minerals' 9.9% share top-up rights on future equity financings, reducing potential future dilution for shareholders.