- Jaxon Mining (JAX) has announced a non-brokered private placement for gross proceeds of up to $500,000
- The company will issue up to 20,000,000 units for $0.025 per unit
- Proceeds will be used to fund exploration and for general working capital
- Jaxon Mining Inc is a Canadian-based exploration and development company
- Jaxon Mining Inc. (JAX) opened trading at C$0.025
Jaxon Mining (JAX) has announced a non-brokered private placement for gross proceeds of up to $500,000.
The company will issue up to 20,000,000 units for $0.025 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for $0.05 per share.
All securities to be issued are subject to a four-month hold period.
Proceeds will be used to fund exploration and for general working capital.
Jaxon Mining is a Canadian exploration and development company focused on discovering and exploring commercial-scale copper, gold, silver, and polymetallic projects.
Jaxon has seven porphyry system targets on its Hazelton property, a network of concessions spanning 700 km2 in the Skeena Arch in northwest British Columbia, Canada.
Jaxon Mining Inc. (JAX) opened trading at C$0.025.