Great Bear Resources

Jaxon Minerals Closes C$2.02 Million Private Placement

Vancouver, British Columbia--(Newsfile Corp. - July 18, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ("Jaxon" or the "Company") is pleased to announce the closing of its non-brokered private placement previously announced on June 15, 2017 and increased on July 10, 2017 (the "Private Placement) with the issuance of a total of 8,089,600 Units at a price of $0.25 per Unit for gross proceeds of $2,022,400.

As announced, each Unit consists of one common share of the Company (a "Share") at $0.25 and one-half common share purchase warrant (a "Warrant"), with one full warrant entitling the holder to acquire an additional common share of the Company (a "Warrant Share") for a period of 24 months following the Closing Date at an exercise price of $0.35 per Warrant Share.

In connection with the Private Placement, the Company paid finder's fees to arm's-length third parties consisting of $56,200 in cash and 269,000 Broker' s warrants.

The securities issued in the private placement will be subject to a hold period of four months plus one day following the issue date, under applicable Canadian securities legislation.


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Jaxon Mining

Last Trade: C$0.055
Daily Volume: 0
Market Cap: C$5.810M

Azincourt Energy

Azincourt Energy

Azincourt Energy is a Canadian resource company specializing in strategic acquisition, exploration and development of alternative energy/fuel projects focusing on uranium, lithium, cobalt and other critical energy and fuel elements. Azincourt is actively building a portfolio of projects that will meet the world’s increasing need to power the future. Currently the Company is developing uranium projects in the Athabasca basin as well as lithium pegmatite projects in Manitoba... LEARN MORE

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