Owner
Post by Franko10 ™ on Mar 2, 2005 11:26:52 GMT -5
DECEMBER 22 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 December 8, 2004 has closed. A total of 830,000 Units of J-Pacific were issued at a price of $0.60 per Unit for total proceeds of $498,000. Each Unit consists of one common share, which will qualify as a flow-through share for purposes of the Income Tax Act (Canada), and one-half warrant, each full warrant entitling the holder to purchase one-half additional common share of J-Pacific at a price of $0.80 per share until December 22, 2005. J-Pacific paid a finder’s fee of $37,350 along with warrants exercisable for a total amount of 83,000 common shares of J-Pacific at an exercise price of $0.80 per common share December 22, 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 April 23, 2005, 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.
For further information, please contact Investor Relations
Telephone 1-888-236-5200.
J-PACIFIC COMPLETES FINANCING
J-Pacific Gold Inc. (“J-Pacific”) is pleased to announce that the private placement reported in the news release of December 8, 2004 has closed. A total of 830,000 Units of J-Pacific were issued at a price of $0.60 per Unit for total proceeds of $498,000. Each Unit consists of one common share, which will qualify as a flow-through share for purposes of the Income Tax Act (Canada), and one-half warrant, each full warrant entitling the holder to purchase one-half additional common share of J-Pacific at a price of $0.80 per share until December 22, 2005. J-Pacific paid a finder’s fee of $37,350 along with warrants exercisable for a total amount of 83,000 common shares of J-Pacific at an exercise price of $0.80 per common share December 22, 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 April 23, 2005, 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.
For further information, please contact Investor Relations
Telephone 1-888-236-5200.
