Owner
Post by Franko10 ™ on Mar 2, 2005 8:05:31 GMT -5
February 8, 2002
PRIVATE PLACEMENT
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that it has concluded negotiations for a non-brokered private placement of 800,000 Units of the Company at a price of $0.20 per Unit for total proceeds of $160,000. Each Unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.30 per share for a period of 24 months. Net proceeds from the private placement will be applied to working capital.
The Company also announces that on February 7, 2002, it has granted incentive options to an officer of the Company for the purchase of a total 150,000 common shares for a period of five years at a price of $0.28 per share.
The private placement and the stock options are subject to regulatory approval.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
For further information, please contact Mr. Nick Ferris -Telephone 1-888-236-5200.
PRIVATE PLACEMENT
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that it has concluded negotiations for a non-brokered private placement of 800,000 Units of the Company at a price of $0.20 per Unit for total proceeds of $160,000. Each Unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.30 per share for a period of 24 months. Net proceeds from the private placement will be applied to working capital.
The Company also announces that on February 7, 2002, it has granted incentive options to an officer of the Company for the purchase of a total 150,000 common shares for a period of five years at a price of $0.28 per share.
The private placement and the stock options are subject to regulatory approval.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
For further information, please contact Mr. Nick Ferris -Telephone 1-888-236-5200.
