ANNOUNCES CLOSING OF $300,000 FINANCING AND SHARES FOR DEBT SETTLEMENT

Jaeger Resources Corp. has successfully closed a non-brokered private placement financing, raising $300,000 through the issuance of 30 million common shares priced at $0.01 per share. The financing was previously announced in May 2024 and represents a significant capital infusion for the Alberta-based resource company.

The extremely low share price of one cent reflects the company's current market position and suggests it may be in a restructuring or early-stage development phase. The large number of shares issued (30 million) indicates substantial dilution for existing shareholders, though it provides necessary working capital for corporate activities.

In addition to the equity financing, the company has implemented a debt settlement arrangement through share issuance, which helps clean up the balance sheet and reduces immediate cash obligations. This dual approach of raising capital while settling existing liabilities is a common strategy for junior resource companies managing cash flow constraints.

For the broader junior mining sector, this transaction exemplifies the challenging capital market conditions facing smaller resource companies, where financing often comes at significant dilution but remains necessary for maintaining operations and advancing projects. The successful completion of this financing provides Jaeger with immediate liquidity to fund corporate activities and potentially advance any resource projects in its portfolio.