Business
JET GOLD ANNOUNCES CLOSING OF FLOW-THROUGH FINANCING WITH MINERALFIELDS GROUP
May 26, 2011 (Canada NewsWire Group) -- TSX.V: JAU VANCOUVER, May 26, 2011 /CNW/ - Jet...
About this update from Koryx Copper S.a.
[{"type":"text","content":"\n\n\n May 26, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX.V: JAU\n\n\nVANCOUVER, May 26, 2011 /CNW/ - Jet Gold Corp. (TSX-V: JAU) (the "Company") is pleased to announce the closing of a non-brokered\n private placement with the MineralFields Group of 2,954,545\n flow-through units ("FT Units") at a price of $0.22 per FT Unit for\n total proceeds of $650,000. Each FT Unit consists of one flow-through\n common share and one non-flow-through share purchase warrant with a\n term of 24 months and an exercise price of $0.25, and is subject to a\n hold period until September 14, 2011.\n\n\nIn connection with the private placement, the Company paid a cash\n finder's fee of 6% of the gross proceeds and issued options to acquire\n units equal to 10% of the number of FT Units subscribed for to Limited\n Market Dealer Inc. Each option has a term of 24 months, is subject to a\n hold period until September 14, 2011, and entitles the holder to\n purchase one unit at an exercise price of $0.25 in year 1 and $0.35 in\n year 2. Each unit consists of one common share and one share purchase\n warrant with a term of 24 months and an exercise price of $0.35 in year\n 1 and $0.45 in year 2.\n\n\nThe completion of the private placement and the payment of the finder's\n fees remain subject to the receipt of all necessary regulatory\n approvals, including the approval of the TSX Venture Exchange.\n\n\nThe proceeds of the flow-through financing will be used to conduct\n explo...