Owner
Post by Franko10 ™ on Mar 2, 2005 9:33:07 GMT -5
November 4, 2003
J-PACIFIC COMPLETES FINANCING
J-Pacific Gold Inc. (the “Company”) is pleased to announce that the private placement reported in the news release of October 15, 2003 has closed. A total of 750,000 Units of the Company were issued at a price of $0.40 per Unit for total proceeds of $300,000. As a part of the financing, 550,000 Units of the placement representing an amount of $220,000 were issued as “flow-through Units”. Each non-flow through 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 $0.60 per share until October 31, 2005. Each flow through 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 $0.60 per share until October 31, 2004, and, whose underlying shares will be flow-through shares if the warrants are exercised by April 30, 2004. The Company paid a finder’s fee of $7,500 along with warrants exercisable for a total amount of 50,000 common shares of the Company at an exercise price of $0.60 per common share until October 31, 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 March 1, 2004, 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.
J-PACIFIC COMPLETES FINANCING
J-Pacific Gold Inc. (the “Company”) is pleased to announce that the private placement reported in the news release of October 15, 2003 has closed. A total of 750,000 Units of the Company were issued at a price of $0.40 per Unit for total proceeds of $300,000. As a part of the financing, 550,000 Units of the placement representing an amount of $220,000 were issued as “flow-through Units”. Each non-flow through 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 $0.60 per share until October 31, 2005. Each flow through 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 $0.60 per share until October 31, 2004, and, whose underlying shares will be flow-through shares if the warrants are exercised by April 30, 2004. The Company paid a finder’s fee of $7,500 along with warrants exercisable for a total amount of 50,000 common shares of the Company at an exercise price of $0.60 per common share until October 31, 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 March 1, 2004, 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.
