- Japan Gold (JG) has announced a non-brokered private placement
- The company will offer up to 42,857,143 common shares at a price of C$0.35 per share for gross proceeds of C$15,000,000
- Proceeds will be used to fund drill programs, drill targeting and advanced exploration at the company’s Ikutahara and Ohra-Takamine projects
- Japan Gold Corp. is a Canadian mineral exploration company
- Japan Gold Corp. (JS) opened trading at $0.37 per share
Japan Gold (JG) has announced a $15 million non-brokered private placement.
The company will offer up to 42,857,143 common shares at a price of C$0.35 per share.
Proceeds will be used to fund drill programs, drill targeting and advanced exploration at the company’s Ikutahara and Ohra-Takamine wholly-owned projects and for general working capital purposes.
The shares will be subject to a hold period of four months in accordance with applicable securities laws.
Japan Gold has agreed to pay a finder’s fee equal to 6 per cent of the gross proceeds from the sale of shares, as well as purchase warrants equal to 6 per cent of the number of shares sold, to third parties sourced by the finder.
Each finder’s warrant will be exercisable into one common share at a price of C$0.35 per share for a period of 12 months from the date of closing.
Japan Gold Corp. is a Canadian mineral exploration company focused on the three largest islands of Japan: Hokkaido, Honshu and Kyushu.
Japan Gold Corp. (JS) opened trading at $0.37 per share.