Owner
Post by Franko10 ™ on Mar 2, 2005 8:39:16 GMT -5
October 17, 2002
PRIVATE PLACEMENT COMPLETED
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that the private placement reported in the news release of August 29, 2002 has closed. A total of 1,373,334 Units of the Company were issued at a price of $0.30 per Unit for total proceeds of $412,000. 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 $0.50 per share until October 11, 2004. The Company paid a finder’s fee of $12,850 along with warrants exercisable for a total amount of 128,500 common shares of the Company at an exercise price of $0.30 per common share, exercisable until October 11, 2004.
A total of 633,332 of the Units issued consisted of flow-through shares along with warrants, whose underlying shares will be flow-through shares if the warrants are exercised by June 30, 2003.
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 12, 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 private placement reported in the news release of August 29, 2002 has closed. A total of 1,373,334 Units of the Company were issued at a price of $0.30 per Unit for total proceeds of $412,000. 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 $0.50 per share until October 11, 2004. The Company paid a finder’s fee of $12,850 along with warrants exercisable for a total amount of 128,500 common shares of the Company at an exercise price of $0.30 per common share, exercisable until October 11, 2004.
A total of 633,332 of the Units issued consisted of flow-through shares along with warrants, whose underlying shares will be flow-through shares if the warrants are exercised by June 30, 2003.
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 12, 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.
