Business
Japan Gold Announces Closing of Upsized Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Japan Gold Corp. (TSXV: JG) ...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces Closing of Upsized Private PlacementVancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce the closing of an oversubscribed non-brokered private placement financing (the \"Offering\") for gross proceeds of C$2,067,600 (see news releases dated August 7, and August 14, 2025). Pursuant to the Offering, the Company issued a total of 25,845,000 common shares of the Company (the \"Shares\") at a price of C$0.08 per Share for gross proceeds of C$2,067,600, including 17,182,500 Shares (C$1,374,600) sold to Equinox Partners Investment Management LLC (\"Equinox\"), a strategic investor and major shareholder of the Company. Mr. John Proust, Chairman and CEO of the Company, added, \"We are pleased to announce the successful closing of this Offering, with proceeds supporting our ongoing initiatives in Japan, a jurisdiction recognized for its robust geological potential, low geopolitical risk, and stable mining regulatory framework. With historical record high gold prices, the upsized Offering reflects strong investor support to accelerate our work programs in Japan's resource-rich regions.\"The net proceeds from the Offering will be used for general and administrative expenses for the Company and its Japan-based subsidiary and for marketing and advertising. In connection with the Offering, the Company issued a total of 150,000 Shares in finder's fees to an arm's-length finder.The Shares will be subject to a hold period of four months and one day, expiring on December 23, 2025, in accordance with applicable securities laws.As of the Closing Date, Equinox holds an aggregate of 90,133,518 shares, representing approximately 30% of the then issued and outstanding common shares of the Company. Equinox is subject to the alternative monthly reporting scheme under Part 4 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and a report of Equinox under that instrument will be made available on the Company's SEDAR+ profile in due course.Equinox is considered a \"related party\" of the Company, and Equinox's subscription under the Offering will constitute a \"related party transaction\" under Multilateral Instrument 61-101 Protection of Minority Security Holders i...