JAX-TSX.V
VANCOUVER, Oct. 30, 2013 /CNW/ - Jaxon Minerals Inc (the
Company) (TSX.V:JAX) has closed the non-brokered private placement
announced in its press release of August 23,
2013. The Company will issue 7,085,000 common shares at a
price of $0.10 per share for gross
proceeds of $708,500. The common
shares issued pursuant to the private placement will be legended
with a hold period to expire on March 3,
2014.
Finders' fees commensurate with TSX.V policies
totaling $35,800 will be paid from
the Company's working capital.
The funds raised will be used to conduct
exploration on the Company's Flin Flon-Snow Lake District
properties and for working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINERALS INC.
"Paul
Zdebiak"
President
This news release may contain forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward
looking information in this news release may include, but is not
limited to, the Company's objectives, goals or future plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Jaxon Minerals Inc.