Owner
Post by Franko10 ™ on Mar 2, 2005 8:39:53 GMT -5
October 31, 2002
PRIVATE PLACEMENT COMPLETED
The Board of Directors of J-Pacific Gold Inc. (the “Company”) is pleased to announce that the private placement with Cordilleran Resources Limited Partnership reported in the news release of October 23, 2002 has closed. A total of 350,000 common shares of the Company, which qualify as “flow-through shares” for purposes of the Income Tax Act (Canada), were issued at a price of $0.30 per common share for total proceeds of $105,000. The Company paid a finder’s fee of $7,875 along with warrants exercisable for a total amount of 35,000 common shares of the Company at an exercise price of $0.30 per common share, exercisable until October 30, 2004.
The shares and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded in British Columbia until March 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 private placement with Cordilleran Resources Limited Partnership reported in the news release of October 23, 2002 has closed. A total of 350,000 common shares of the Company, which qualify as “flow-through shares” for purposes of the Income Tax Act (Canada), were issued at a price of $0.30 per common share for total proceeds of $105,000. The Company paid a finder’s fee of $7,875 along with warrants exercisable for a total amount of 35,000 common shares of the Company at an exercise price of $0.30 per common share, exercisable until October 30, 2004.
The shares and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded in British Columbia until March 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.
