Jayden Resources Amends the Expiry Date of the Standby Guarantee Warrant Issued to Progress Advanced Holdings Ltd.
Vancouver, B.C., November 2, 2010; Jayden Resources Inc., ("Jayden" or "the Company") (TSX-V:JDN) announces that further to its press release dated May 6, 2010, the Company has received conditional approval from the TSX Venture Exchange to amend the expiry date (the "Amendment") of the warrant (the "Warrant") granted to Progress Advanced Holdings Ltd. ("Progress Advanced") on May 4, 2010. The Warrant was granted to Progress Advanced by the Company in connection with the agreement by Progress Advanced to purchase from the Company, at the subscription price of $0.05 per share, any common shares that were not otherwise subscribed for under the rights offering conducted by the Company in the Spring of 2010. Details of the Amendment will be forthcoming at a later date.
About Jayden Resources
Jayden Resources is a Canadian exploration company with a 43-101 compliant resource-stage project on its Silver Coin property in the Stewart Camp, Northern BC. Northern BC is an emerging metals district that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. Excellent exploration potential remains to the north, north-west and south of the existing resource at Silver Coin.
For further information about Jayden and this news release contact Mike Thast at 604-688-9588 or visit Jayden's website at www.jaydenresources.com.
On Behalf of the Board:
"David Eaton"
Chief Executive Officer
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company’s general business development, research development and the company’s development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although the Company believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
Neither the 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.