Elemental Royalties

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.

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Jaxon Mining

Last Trade: C$0.075
Daily Change: -0.005 -6.25
Daily Volume: 2,000
Market Cap: C$9.450M
Jaxon Mining Expands Hazelton Property and Engages JT Thomas Diamond Drilling for 2021 Drilling Program
Jaxon Mining Confirms Extension of Porphyry-Related Phenomena, Prepares 2021 Drilling Plan for Cu/Mo/Au/Ag Targets at Red Springs
Jaxon Mining Reports Petrographic and Mineral Study Results from Netalzul Mt, Confirms Discovery of IS Type Epithermal Mineralization, Prepares 2021 Drill Targets
Jaxon Mining Announces Results from Petrological Dating and Zircon Study at Netalzul Mountain Project
Jaxon Mining Completes Aeromagnetic Survey, Further Refines Drill Targets and Expands Netalzul Mountain Project Area
Jaxon Mining Announces 2020 AGM Results
Jaxon Mining Soil Sample Assays Confirm Three Previously Delineated Ag-Au-Cu Polymetallic Anomalies, Aero-magnetic Survey at Netalzul Mountain Completed
Jaxon Mining: Netalzul Mountain October Channel Sampling Confirms More High-Grade Silver Polymetallic Mineralization, Jaxon Commences Advanced MAG Survey and Prepares for Major Drill Test
Jaxon Mining Defines Three Strong Cu/Zn/Pb/Mo/As Anomalies at Netalzul Mountain, Releases Results from Soil Sampling, Geochemical Program and XRF Analysis and Appoints Director
Jaxon Mining Confirms Additional High-Grade Silver Polymetallic Mineralization at Historical Artisanal Workings #3 at Netalzul Mountain, Identifies A System of Contact/Fault Controlled, High-Grade Ag, Cu, Zn, Pb and Sb Polymetallic Mineralization
Jaxon Mining Confirms Third Historical Artisanal Workings at Netalzul Mountain, Identifies Presence of Contact/Fault Controlled, High-Grade Polymetallic Mineralization
Jaxon Mining Discovers High-grade Au/Ag/Cu in Polymetallic Quartz Sulfide Mineralization at Netalzul Mountain, with Silver Grades up to 1641 g/t, Gold Grades up to 5.91 g/t and Copper Grades up to 3.46%

ENDURO METALS (TSX.V: ENDR)

Enduro Metals

Enduro Metals' Newmont Lake Project is 638km2 property located in the heart of BC’s Golden Triangle. Fast-tracked to own 100% in 638km2, directly staked 182km2. Several significant discoveries made in 2019. Gold-rich copper porphyry... LEARN MORE