Jade Leader Corp. announced a non-brokered private placement of units on April 4, 2023. Each unit consisted of one common share and a half of a common share purchase warrant. The transaction will include participation from accredited investors. Each full common share purchase warrant entitles the holder to purchase an additional common share at a price of CAD 0.10 per share.

On the same date, the company issued 4,120,000 Units at a price of CAD 0.05 per Unit to raise gross proceeds of CAD 206,000. Each unit consisted of one common share and a half of a common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase an additional common share at a price of CAD 0.10 per share until April 4, 2025. All securities issued under the offering have a hold period of four months plus one day or until August 5, 2023. A finder's fee of 5% was paid to eligible agents upon closing or CAD 1,000. The second and final tranche of the private placement is expected to close in the next 10 days and all securities issued in connection with this tranche of the transaction will be subject to a four month hold period from the date of closing.