Owner
Post by Franko10 ™ on Mar 2, 2005 8:33:29 GMT -5
September 30, 2002
PRIVATE PLACEMENT COMPLETED
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that the brokered private placement with CMP 2002 Resource Limited Partnership reported in the news release of August 29, 2002 has closed. A total of 666,667 Units of the Company were issued at a price of $0.30 per Unit for total proceeds of $200,000. Each Unit consists of one flow-through common share and one warrant, with each warrant exercisable to purchase a further common share of the Company at a price of $0.50 per share until September 30, 2004. The Company has agreed to use its commercially reasonable best efforts to incur and renounce exploration expenses so that these shares, if any, issued upon exercised of the warrants are also flow-through shares. The Company paid a commission of $10,000 to Dundee Securities Corporation and a warrant exercisable for 66,667 common shares of the Company at an exercise price of $0.30 per common share, exercisable until September 30, 2004.
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 1, 2003 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 Mr. Nick Ferris -Telephone 1-888-236-5200.
PRIVATE PLACEMENT COMPLETED
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that the brokered private placement with CMP 2002 Resource Limited Partnership reported in the news release of August 29, 2002 has closed. A total of 666,667 Units of the Company were issued at a price of $0.30 per Unit for total proceeds of $200,000. Each Unit consists of one flow-through common share and one warrant, with each warrant exercisable to purchase a further common share of the Company at a price of $0.50 per share until September 30, 2004. The Company has agreed to use its commercially reasonable best efforts to incur and renounce exploration expenses so that these shares, if any, issued upon exercised of the warrants are also flow-through shares. The Company paid a commission of $10,000 to Dundee Securities Corporation and a warrant exercisable for 66,667 common shares of the Company at an exercise price of $0.30 per common share, exercisable until September 30, 2004.
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 1, 2003 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 Mr. Nick Ferris -Telephone 1-888-236-5200.
