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Sky Ridge Resources Ltd. secures gold-silver-copper exploration licenses and launches new Japan-focused exploration company
Sky Ridge Resources Ltd. secures gold-silver-copper exploration licenses and launches new ...
About this update from Japan Gold Corp
[{"type":"text","content":"\n\n\n\nSky Ridge Resources Ltd. secures gold-silver-copper exploration licenses and launches new Japan-focused exploration company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\nSky Ridge Resources Ltd. secures gold-silver-copper exploration licenses and launches new Japan-focused exploration company\nCanada NewsWire\nVANCOUVER, July 6, 2016\n\n\n\n\n\n\nVANCOUVER, July 6, 2016 /CNW/ - Sky Ridge Resources Ltd. (SYR-H.V) (the \"Company\") is pleased to announce that it has entered into a letter of intent effective July 4, 2016, pursuant to which the Company has agreed to acquire Southern Arc Minerals Japan KK (\"SAMJ\") (the \"Acquisition\"). SAMJ is a wholly-owned subsidiary of Southern Arc Minerals Inc. (\"Southern Arc\"). SAMJ has filed 80 mineral prospecting rights license applications in Japan (the \"Japan Licenses\").\n\nHighlights:\n\n\nLaunch of Japan Gold Corp., the first foreign mineral exploration company to focus solely on Japan \n80 mineral prospecting license applications across eight distinct projects prospective for gold and porphyry mineralization, including several historical high-grade gold mines \nExperienced management team and Board of Directors \nProposed $5 million financing at $0.20 to undertake exploration and advance the properties\n \n\nSouthern Arc, an arm's length company, is listed on the TSX Venture Exchange (the \"TSX-V\") under the symbol \"SA\".  In exchange for its ownership of SAMJ, Southern Arc will receive 50,000,000 pre-Consolidation (as defined below) common shares of the Company (the \"Acquisition Shares\").\n\nIn connection with the proposed Acquisition, the Company intends to complete a private placement financing involving the issuance of 25,000,000 pre-Consolidation common shares ...