Stocks & Investing
Thu, September 17, 2009Wed, September 16, 2009Tue, September 15, 2009Mon, September 14, 2009Fri, September 11, 2009Thu, September 10, 2009Wed, September 9, 2009Tue, September 8, 2009J-Pacific Gold Inc.: J-Pacific Arranges Private Placement
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Published in Stocks and Investing on Tuesday, September 15th 2009 at 4:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - J-Pacific Gold Inc. (the "Company") (TSX VENTURE:JPN) announces that it will be proceeding with a private placement of up to 3,500,000 units (the "Units") of the Company at a price of $0.10 per Unit for total proceeds of up to $350,000. Each Unit will consist of one common share and one warrant (a "Warrant") entitling the holder to purchase, for a period of 24 months, one additional common share of the Company at a price of $0.12 in the first 12 months and at a price of $0.15 thereafter. The Company will, subject to TSX Venture Exchange approval, pay a finder's fee on a portion of the private placement. The finder's fee will be payable in Units of the Company.
All securities issued will be subject to a four-month hold period. The proceeds of the financing will be applied to working capital.
The private placement is subject to TSX Venture Exchange approval.
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 accuracy of this release.