MCKRF - Jade Leader to raise C$225K via units offering

Jade Leader (OTC:MCKRF) has accepted a financing offer from one of its current long term investors for C$225,000. The non-brokered private placement will consist of 3,214,485 units, at a price of $0.07/unit, for gross proceeds of C$225,000. Each unit consists of one common share and a half common share purchase warrant, with each warrant entitled the holder to purchase an additional common share at a price of $0.14 per share for a period of two years following closing. All securities issued under this financing will be subject to a hold period of four months plus one day from the date of closing. No finders fees will be paid in connection with this financing. The financing is subject to TSX Venture approval. Proceeds of the financing will be used for working capital, general corporate purposes as well as additional Jade exploration and Jade marketing activities.

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Jade Leader to raise C$225K via units offering