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September 10th, 2020
Dear Valued Readers,
 
Well the U.S. markets continued sliding, the Dow Jones 30 slid past the moving averages into lower support. A total drop of just under 2,000 points. It is rebounding nicely today. My 4HR divergence indicator seems to be predicting nicely.
[ 4HR Chart here ]
 
My roll over feeling on Oil happened. When you focus on certain charts, whether it be a few stocks or commodities, you get a feeling sometimes. Screen time is so valuable.
Oil dropped $7 a barrel in less than a week. It is now trying to recover, currently $38,  but I think we could see it go lower ( low $30s ). Once the train gets some momentum it is hard to for it to stop.
 
Our new featured company is Jaeger Resources. Please read about their exploration property below and respond for their more detailed profile.
 
News Articles:
 
[ YouTube ] Eric Sprott's Weekly Wrap Up - September 4th, 2020
 
[ The Morning Coffee ] September 9th Canaccord Genuity Newsletter
 
[ UK Reuters ] Column: Funds collide with fundamentals in red hot copper cauldron
(Copper is coming into favor again)
 
[ Reuters ] 'Please Mine more nickel,' Musk urges as Tesla boosts production
(Tesla needs Nickel, it will be in demand)
 
If you would like to feature your company please reply to the newsletter with information about your company's projects, share structure, and contact info.
Thanks.
 
Upgrade your subscription to MTN Platinum ---> [ Here ]
Please send the link to anyone you think may be interested in small cap stocks!
 
Jaeger Resources is a public exploration company engaged in the acquisition, exploration and development of high potential mineral properties with a current focus on its Taylor Brook Deposit in the prolific Bathurst Mining Camp.
The Company’s Management, Directors and Advisors have significant experience in mining, exploration and business development.
 
Prolific Bathurst Mining Camp,
New Brunswick
 
  • One of the most prolific base metal mining camps in the world, hosting at least 46 volcanogenic massive sulphide deposits with a total sulphide resource of over 500 million tonnes.
     
  • Since initial production in 1956 at Heath Steele (approximately 24 million tonnes extracted averaging 5.2% zinc, 1.8% lead, 0.93% copper and 65.5 g/tonne silver between 1956 and 1999), the camp has produced a total of 177,350,000 tonnes of ore at an average grade of 3.12% lead, 7.40% zinc, 0.42% copper and 94 g/tonne silver. 
Symbol: JAEG
Exchange: TSX Venture
Shares Outstanding: 54.6M
52 Week High: .075
52 Week Low: .01
Currently: .035
 
 
Taylor Brook Deposit,
Bathurst Mining Camp, New Brunswick
 
  • Consists of 70 mineral claims encompassing 1,540 hectares.
     
  • Excellent infrastructure in place including close proximity to major highways, power and skilled workforce.
     
  • Staked claims make the property contiguous with the Stratmat property, with the optioned claims located approximately six kilometres along strike and northeast of the Stratmat deposit (indicated resources of 4.7 million tonnes at 5.3% zinc, 2.1% lead, 0.40% copper, 49 g/tonne silver and 0.60 g/tonne gold).
 
Jaeger is currently raising $750,000 for exploration.
See the full news below.

 

Respond for access to the 16 Page Corporate Presentation. [Click for Access]

 

 

 

 

 

Jaeger Resources Announces Financings
 

Edmonton, AB-September 8, 2020 - Jaeger Resources Corp. (the “Company”) (TSXV:JAEG)  is pleased to announce today that it is undertaking a “best efforts” non-brokered private placement for gross proceeds of up to CDN$250,000 by issuing up to 6,250,000 units at a price of CDN$0.04 per unit.  Each unit will consist of one common share and one warrant. Each warrant entitles the holder to purchase one additional common share at $0.08 for a period of two years from the date of closing.

The proceeds from the private placement will be used for general working capital.

The Company is also undertaking a “best efforts” non-brokered private placement for gross proceeds of up to CDN$500,000 by issuing up to 10,000,000 flow-through units at a price of CDN$0.05 per unit.  Each unit will consist of one common share and one warrant. Each warrant entitles the holder to purchase one additional common share at $0.10 for a period of two years from the date of closing.

The private placements are subject to the approval of the TSX Venture Exchange. Finder’s fees may be paid on the private placements in accordance with the requirements of the TSX Venture Exchange.

The proceeds from the sale of the flow-through shares will be used to incur Canadian Exploration Expense (“CEE”), as defined in the Income Tax Act (Canada).  The Company will renounce such CEE to the subscribers effective for the 2020 income tax year.  The funds will be used for exploration and drilling on the Company’s Taylor Brook Property in New Brunswick.
 
About Jaeger Resources Corp.
Jaeger Resources Corp. is a Junior Canadian Exploration Company focused on evaluating high potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment.  Jaeger has entered into an agreement with Stratabound Minerals Corp. to explore and develop the Taylor Brook zinc – lead – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.
 
For further Company information, please visit the Company’s website at www.jaegerresources.com.
 
 On Behalf of the Board,
 
“Bruce W. Downing”
Bruce W. Downing, M.Sc., P.Geo, FGC, FEC(hon)
CEO
 
For further information please contact:
Bruce Downing, CEO (604) 613-2150 or
Don Bossert, CFO (780) 465-4129
info@jaegerresoures.com
www.jaegerresources.com
 
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 the accuracy of this press release.  We seek Safe Harbor. 
 
Not for release in the United States.
 

 
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements”.  Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Financings.
 
Actual results could differ from those projected in any forward-looking statements due to numerous factors.  Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms.  We are not in control of metals prices and these could vary to make development uneconomic.  These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
 
  

 

 
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