Jaeger Resources Corp. announced a non-brokered private placement of up to 30,000,000 common shares at an issue price of CAD 0.01 per share for gross proceeds of up to CAD 300,000 on May 27, 2024. In its discretion, the company may increase or decrease the size of the Offering in accordance with the policies of the NEX board of the TSX Venture Exchange.

In connection with the Offering, the company may pay finders? fees in cash or securities or a combination thereof, to certain finders, as permitted by the policies of the Exchange. There is no minimum number of shares or minimum aggregate proceeds required to close the Offering and the company may, at its discretion, elect to close the Offering in one or more tranches.

The securities issued pursuant to the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the Offering are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the Exchange.