Business
Japan Gold Announces Non-Brokered Private Placement of up to C$10 Million
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Japan Gold Corp. (TSXV: JG) (O...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces Non-Brokered Private Placement of up to C$10 MillionVancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the \"Company\") announces a non-brokered private placement (the \"Private Placement\") of up to 50,000,000 common shares of the Company (the \"Shares\") at a price of C$0.20 per Share for gross proceeds of up to C$10,000,000.Proceeds of the Private Placement will be used for drill programs, drill targeting, advancing the prospect pipeline from the Company's large portfolio of exploration projects, and for general working capital purposes. The Shares will be subject to a hold period of four months and one day in accordance with applicable securities laws.The Company has agreed to pay a finder's fee to arm's length parties for services rendered in respect of the Private Placement. The finder's fee will consist of a cash fee equal to 6.0% of the gross proceeds from the sale of Shares to third parties sourced by the finders, and finder's warrants equal in number to 6.0% of the Shares sold to third parties sourced by the finders. Each finder's warrant will be exercisable into one common share of the Company at an exercise price of C$0.20 per share for a period of 12 months from the date of closing.This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent United States registration or an applicable exemption from United States registration requirements.On behalf of the Board of Japan Gold Corp.\"John Proust\"Chairman & CEOAbout Japan Gold Corp.Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu, and Kyushu. The Company holds a portfolio of 34 gold projects which cover areas with known gold occurrences, a history of mining, and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team represent decades of resource industry and business experience, and the Company has an operational team of geologists, drillers and technical advisors with experience exploring and operating in Ja...