(TheNewswire)
Vancouver, B.C. - TheNewswire - September 14, 2021; Jayden Resources Inc.("Jayden" or the “Company") ( TSXV:JDN) announces that it has entered into a termination agreement with TeutonResources Corp. (“Teuton”) (TSXV:TUO) and a quitclaim agreement(the “Quitclaim Agreement”) with Optimum Ventures Ltd.(“Optimum”) (TSXV:OTV) whereby Jayden has agreed with Teuton toterminate its Harry Property option agreement dated September 4, 2020and simultaneously enter into the Quitclaim Agreement with Optimumallowing Teuton and Optimum to enter into a new option/sale agreementon the property.
Under the terms of the Quitclaim Agreement, Optimumwill issue Jayden 750,000 Optimum common shares (currently trading inthe $0.45-$0.55 range) and pay Jayden’s existing costs on theproject which are $27,000. The Quitclaim Agreement is subject to TSXVenture Exchange approval.
President and CEO of Jayden David Eaton commented,“this was a tough decision for Jayden to make, especially with lastyear’s surface assays taken on Harry’s Milestone Showing. Jaydenwas prepared to drill Harry in the past month when Optimum made theoffer. After the Company’s announcement to acquire a 100% interestin the Storm Lake gold property in central Quebec, Jayden felt it wasin its best interest to accept Optimum’s offer and focus itsresources and efforts on Storm Lake which we consider an exceptionalproperty.”
For further information about this news release or theCompany visit our website at www.jaydenresources.com , email info@jaydenresources.com , orcall Mike Thast at 778-331-2093.
On Behalf of the Board:
"DavidEaton"
President & CEO
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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