Owner
Post by Franko10 ™ on Mar 2, 2005 10:23:09 GMT -5
AUGUST 17, 2004
J-PACIFIC COMPLETES FINANCING
J-Pacific Gold Inc. (“J-Pacific”) is pleased to announce that the private placement reported in the news release of July 19, 2004 has closed. A total of 500,000 “flow-through Units” of J-Pacific were issued at a price of $0.60 per Unit for total proceeds of $300,000. Each flow through Unit consists of one common share and one warrant, each warrant entitling the holder to purchase one-half additional common share of J-Pacific at a price of $0.80 per share until August 11, 2005, and, whose underlying shares will be flow-through shares if the warrants are exercised by February 28, 2005. J-Pacific paid a finder’s fee of $13,500 along with warrants exercisable for a total amount of 30,000 common shares of J-Pacific at an exercise price of $0.80 per common share until August 11, 2005.
The shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded in British Columbia until December 12, 2004, except as permitted by the Securities Act and the Rules made thereunder and the TSX Venture Exchange.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
J-PACIFIC COMPLETES FINANCING
J-Pacific Gold Inc. (“J-Pacific”) is pleased to announce that the private placement reported in the news release of July 19, 2004 has closed. A total of 500,000 “flow-through Units” of J-Pacific were issued at a price of $0.60 per Unit for total proceeds of $300,000. Each flow through Unit consists of one common share and one warrant, each warrant entitling the holder to purchase one-half additional common share of J-Pacific at a price of $0.80 per share until August 11, 2005, and, whose underlying shares will be flow-through shares if the warrants are exercised by February 28, 2005. J-Pacific paid a finder’s fee of $13,500 along with warrants exercisable for a total amount of 30,000 common shares of J-Pacific at an exercise price of $0.80 per common share until August 11, 2005.
The shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded in British Columbia until December 12, 2004, except as permitted by the Securities Act and the Rules made thereunder and the TSX Venture Exchange.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
