CORRECTION FROM SOURCE: Early Warning Report - Correction of Share Ownership and Percentage of Shares Held of Jade Leader Corp.

Rhea-AI Summary

Normand Goupil has corrected his reported share ownership in Jade Leader Corp. On August 22, 2024, he purchased 1,500,000 Units (2.2% of outstanding shares) for $75,000 in a private placement. Each Unit includes one common share and half a warrant. After this purchase, Goupil now beneficially owns 7,544,000 Common Shares (11.1% of outstanding shares), not 7,000,000 (10.4%) as previously reported. He also holds 1,500,000 Warrants, representing a 13.1% stake on a partly diluted basis. The correction was issued to comply with National Instrument 62-103 requirements.

Positive

• Normand Goupil invested $75,000 in Jade Leader Corp through a private placement
• Goupil's ownership increased to 11.1% of outstanding shares, demonstrating confidence in the company

Negative

• None.

This press release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Take over Bid and Insider Reporting Issues regarding the disposition and acquisition of securities of Jade Leader Corp. (“Jade Leader”). This news release is being issued to correct an incorrectly calculated share ownership position reported on August 22, 2024.

CALGARY, AB / ACCESSWIRE / August 30, 2024 / On August 22, 2024, Normand Goupil ("Mr. Goupil"), purchased pursuant to a private placement, a total of 1,500,000 Units or 2.2% of the issued and outstanding shares of Jade Leader for cash consideration of $75,000 or $0.05 per Unit. Each Unit consists of one common share and a half common share purchase warrant. Each full common share purchase warrant (a "Warrant") entitles him to purchase one half of an additional common share at a price of $0.10 per share until August 22, 2027.

Following the share purchase Mr. Goupil will beneficially own, control or have direction over, directly or indirectly, an aggregate of 7,544,000 Common Shares (not 7,000,000 common shares as previously reported) representing 11.1% (not 10.4%) of the issued and outstanding Common Shares as well as hold 1,500,000 Warrants (representing 13.1 (not 12.3%) on a partly diluted basis, assuming the exercise of all Warrants held by Mr. Goupil). The Common Shares are being acquired for investment purposes and in the future, he may further decrease or increase his beneficial ownership of the securities of Jade Leader.

A copy of the early warning report will be available on Jade Leader's Sedar profile at www.sedar.com.

SOURCE: Normand Goupil

View the original press release on accesswire.com

FAQ

What was the correction made to Normand Goupil's share ownership in Jade Leader Corp (MCKRF)?

The correction states that Normand Goupil owns 7,544,000 Common Shares (11.1% of outstanding shares) of Jade Leader Corp, not 7,000,000 (10.4%) as previously reported on August 22, 2024.

How many units did Normand Goupil purchase in Jade Leader Corp's (MCKRF) private placement on August 22, 2024?

Normand Goupil purchased 1,500,000 Units, representing 2.2% of the issued and outstanding shares of Jade Leader Corp, for $75,000 or $0.05 per Unit.

What is the exercise price and expiration date of the warrants Normand Goupil received in Jade Leader Corp (MCKRF)?

Each full common share purchase warrant entitles Normand Goupil to purchase one half of an additional common share at a price of $0.10 per share until August 22, 2027.

What is Normand Goupil's total ownership percentage in Jade Leader Corp (MCKRF) on a partly diluted basis?

On a partly diluted basis, assuming the exercise of all Warrants held by Normand Goupil, his ownership in Jade Leader Corp represents 13.1% of the company.