Comment by stardust4on Nov 05, 2018 10:18am
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Post# 28923885
RE:Jayden/Ascot
RE:Jayden/Ascot6.1 JDN = 1 AOT.
Pursuant to the share purchase agreement with Jayden (the "Jayden SPA"), Ascot has acquired all of the issued and outstanding shares of Jayden's subsidiary, Jayden Resources (Canada) Inc. ("Jayden Canada"), in exchange for 14,987,497 Ascot common shares ("Ascot Shares"). In addition, Ascot issued 192,000 additional Ascot Shares for the settlement of options and warrants exercised before the closing date with the net cash proceeds of the warrants accruing to Ascot. Jayden Canada owned an 80% joint venture interest in Silver Coin pursuant to a joint venture agreement with Mountain Boy. Ascot has also acquired the remaining 20% joint venture interest in Silver Coin held by Mountain Boy in exchange for 3,746,874 Ascot Shares. In addition, Ascot issued 48,000 additional Ascot shares to Mountain Boy for the settlement of Jayden options and warrants that were exercised before closing.