Owner
Post by Franko10 ™ on Mar 2, 2005 9:37:13 GMT -5
DECEMBER 8, 2003
J-PACIFIC ARRANGES FINANCING
J-Pacific Gold Inc. (the “Company”) is pleased to announce a private placement of 1,409,091 Units of the Company at a price of $0.55 per Unit for total proceeds of $775,000. Each 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 $0.75 per share for a period of 24 months after the closing of the private placement. All securities issued will be subject to a four-month hold period. Proceeds from the financing will be applied to working capital and to advancing the Company’s exploration projects.
The private placement is pursuant to a price reservation filed November 14, 2003 and 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.
J-PACIFIC ARRANGES FINANCING
J-Pacific Gold Inc. (the “Company”) is pleased to announce a private placement of 1,409,091 Units of the Company at a price of $0.55 per Unit for total proceeds of $775,000. Each 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 $0.75 per share for a period of 24 months after the closing of the private placement. All securities issued will be subject to a four-month hold period. Proceeds from the financing will be applied to working capital and to advancing the Company’s exploration projects.
The private placement is pursuant to a price reservation filed November 14, 2003 and 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.
