Jaeger Resources Corp. announced a best efforts non-brokered private placement of up to 5,000,000 units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 100,000, and 10,000,000 critical mineral element flow-through units at a price of CAD 0.04 per unit for gross proceeds of up to CAD 400,000, for aggregate gross proceeds of up to CAD 500,000 on November 3, 2020. The transaction will include participation from insiders of the company.

Each unit will consist of one common share and one warrant. Each warrant entitles the holder to purchase one additional common share at CAD 0.05 for a period of two years from the date of closing. Each flow-through unit will consist of one common share and one warrant.

Each warrant entitles the holder to purchase one additional common share at CAD 0.08 per share for a period of two years from the date of closing. The transaction is subject to regulatory approval and the approval of the TSX Venture Exchange. The company may pay finder's fees in the transaction.

All securities issued under these private placements will be subject to a four-month hold period.