Jayden Resources Inc. (TSXV:JDN) entered into a purchase and sale agreement to acquire Wheatcroft Project in northwestern Manitoba from Kenorland Minerals North America Ltd. for CAD 1.1 million on September 30, 2022. Under the terms of the agreement, Jayden will pay Kenorland CAD 125,000 cash and issue 5,557,447 common shares. Jayden has also agreed to give Kenorland a 3% net smelter return which Jayden can reduce to 2% for a cash payment of CAD 1,000,000.

The transaction is subject to TSX Venture Exchange approval. As on October 31, 2022, TSX Venture Exchange approved the acquisition. The parties expect to close the transaction contemplated by the Purchase Agreement in Q4 2022.