Post by Zoinkers on Jun 23, 2006 14:37:37 GMT -5
Press Release Source: J-Pacific Gold Inc.
J-Pacific Gold Inc.: Private Placement Completed
Friday June 16, 11:37 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 16, 2006) - J-Pacific Gold Inc. (the "Company") (TSX VENTURE:JPN - News; OTCBB:JPNJF - News) is pleased to announce that the private placement, previously announced in the Company's news release of May 23, 2006, has now closed. A total of 1,800,000 Units of the Company were issued at a price of $0.35 per Unit for total proceeds of $630,000. Each Unit consists of one common share and one warrant, with each warrant exercisable into an additional common share of the Company at a price of $0.55 per share until June 15, 2007. The Company paid a finder's fee of 62,100 Units in connection with the private placement.
All of the securities issued pursuant to the private placement are subject to a four month hold period expiring on October 16, 2006.
On behalf of the Board of Directors,
N. Ferris, President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Contact:
Investor Relations
J-Pacific Gold Inc.
1-888-236-5200
ir@jpgold.com
www.jpgold.com
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Source: J-Pacific Gold Inc.
J-Pacific Gold Inc.: Private Placement Completed
Friday June 16, 11:37 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 16, 2006) - J-Pacific Gold Inc. (the "Company") (TSX VENTURE:JPN - News; OTCBB:JPNJF - News) is pleased to announce that the private placement, previously announced in the Company's news release of May 23, 2006, has now closed. A total of 1,800,000 Units of the Company were issued at a price of $0.35 per Unit for total proceeds of $630,000. Each Unit consists of one common share and one warrant, with each warrant exercisable into an additional common share of the Company at a price of $0.55 per share until June 15, 2007. The Company paid a finder's fee of 62,100 Units in connection with the private placement.
All of the securities issued pursuant to the private placement are subject to a four month hold period expiring on October 16, 2006.
On behalf of the Board of Directors,
N. Ferris, President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Contact:
Investor Relations
J-Pacific Gold Inc.
1-888-236-5200
ir@jpgold.com
www.jpgold.com
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Source: J-Pacific Gold Inc.