JDF Announces Closing of Placement
JDF EXPLORATIONS INC.
JDF Announces Closing of Placement Press Release VANCOUVER, BRITISH COLUMBIA - (October 25 2019) – JDF EXPLORATIONS INC. ("JDF" or the "Company") is pleased to announce that it has closed its nonbrokered private placement and has issued 835,000 units of the Company (the "Units") at a price of $0.30 per Unit for gross proceeds of $250,500. Each Unit consists of one common share of the Company (each a "Common Share") and one common share purchase warrant (a "Warrant") entitling the holder to acquire a Common Share at a price of $0.40 for a period of five years from the date of issuance.
The Commons shares are subject too a four month plus one day hold period, no finder's fees were payable on the issuance.
The Proceeds of the placement will be used for general working capital, administration, exploration programs, and investigating new properties for exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
Derick Sinclair, CFO, Director 604.924.8000
Neither Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.