Owner
Post by Franko10 ™ on Oct 28, 2005 18:01:29 GMT -5
J-Pacific Gold Inc.: Private Placement Completed (ccnm)
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 28, 2005) - J-Pacific Gold Inc. (TSX VENTURE:JPN)(OTCBB:JPNJF) (the "Company") is pleased to announce that the private placement in the news release of October 5, 2005 has closed. A total of 997,500 Units of the Company were issued at a price of $0.35 per Unit for total proceeds of $349,125. Each Unit consists of one common share and one warrant, with each warrant exercisable to purchase a further common share of the Company at a price of $0.55 per share until October 26, 2007. J-Pacific paid a finder's fee consisting of warrants exercisable for a total amount of 85,800 common shares of J-Pacific at an exercise price of $0.55 per common share until October 26, 2007.
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 February 27, 2006 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, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
1-888-236-5200
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 28, 2005) - J-Pacific Gold Inc. (TSX VENTURE:JPN)(OTCBB:JPNJF) (the "Company") is pleased to announce that the private placement in the news release of October 5, 2005 has closed. A total of 997,500 Units of the Company were issued at a price of $0.35 per Unit for total proceeds of $349,125. Each Unit consists of one common share and one warrant, with each warrant exercisable to purchase a further common share of the Company at a price of $0.55 per share until October 26, 2007. J-Pacific paid a finder's fee consisting of warrants exercisable for a total amount of 85,800 common shares of J-Pacific at an exercise price of $0.55 per common share until October 26, 2007.
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 February 27, 2006 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, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
1-888-236-5200
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
