Owner
Post by Franko10 ™ on Mar 2, 2005 8:59:57 GMT -5
June 15, 2003
FOR IMMEDIATE RELEASE
TSX VENTURE SYMBOL: JPN
JIPANGU 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 with Jipangu Inc. of Tokyo, Japan. The placement consists of 375,000 Units of the Company at a price of $0.40 per Unit for total proceeds of $150,000. Each Unit consists of one common share and one warrant, each warrant entitling Jipangu Inc. to purchase one additional common share of the Company at a price of $0.60 per share for a period of 24 months. All securities issued will be subject to a four-month hold period. Net proceeds from the private placement will be applied to working capital.
The private placement is subject to regulatory approval.
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.
FOR IMMEDIATE RELEASE
TSX VENTURE SYMBOL: JPN
JIPANGU 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 with Jipangu Inc. of Tokyo, Japan. The placement consists of 375,000 Units of the Company at a price of $0.40 per Unit for total proceeds of $150,000. Each Unit consists of one common share and one warrant, each warrant entitling Jipangu Inc. to purchase one additional common share of the Company at a price of $0.60 per share for a period of 24 months. All securities issued will be subject to a four-month hold period. Net proceeds from the private placement will be applied to working capital.
The private placement is subject to regulatory approval.
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.
