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Japan Gold Announces Non-Brokered Private Placement of up to C$3.0 Million
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2020) - Japan Gold Corp.  (TSXV...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces Non-Brokered Private Placement of up to C$3.0 MillionVancouver, British Columbia--(Newsfile Corp. - April 20, 2020) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the \"Company\") announces the terms of a non-brokered private placement (the \"Private Placement\") of up to 12,000,000 units of the Company (the \"Units\") at a price of C$0.25 per Unit for gross proceeds of up to C$3,000,000 to the Company. Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one half of one transferable common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share at a price of C$0.40 per Common Share for a period of 24 months from the date of closing of the Private Placement.The Warrants will contain a forced exercise provision if the closing price of the Common Shares on the TSX Venture Exchange is equal to or greater than C$0.80 for a period of 10 consecutive trading days. Proceeds of the Private Placement will be used primarily for the Company's exploration activities and for general working capital purposes. The closing of the Private Placement is subject to receipt of all necessary regulatory approvals and to a hold period of four months and one day in accordance with applicable securities laws.The Company has agreed to pay a finders fee in cash equal to 6.0% of the gross proceeds from the sale of Units to third parties sourced by the finders as well as warrants to purchase that number of Common Shares equal to 6.0% of the number of Units sold to third parties sourced by the finder. The finder's warrants will be exercisable at C$0.25 per Common 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 ...