Business
Jet Gold Announces Proposed Consolidation and Post-Consolidation Financing
(via Thenewswire.ca) Vancouver, B.C. Canada / TNW-ACCESSWIRE / September 15 2014 / J...
About this update from Koryx Copper S.a.
[{"type":"text","content":"Jet Gold Announces Proposed Consolidation and Post-Consolidation Financing(via Thenewswire.ca)\n\n \nVancouver, B.C. Canada / TNW-ACCESSWIRE / September 15 2014 / Jet Gold Corp. (\"Jet Gold\" or the \"Company\") (TSX-V: JAU) is pleased to announce that all the resolutions proposed at its annual general and special meeting of shareholders of the Company held on Friday, September 12, 2014 (the \"Meeting\") were duly passed. Shareholders have elected Tim Fernback, Ryan Cheung, Ryan Goodman, Michael Lerner and David Morris to the Company's board of directors. \n\n\n \nAt the Meeting, the shareholders of the Company also approved a consolidation of the common shares of the Company (the \"Shares\"). The directors of the Company will proceed with a consolidation of its Shares on the basis of one (1) post-consolidated Share for every three (3) pre-consolidated Shares (the \"Consolidation\"). The Consolidation is subject to the approval of the TSX Venture Exchange (the \"Exchange\").\n\n\n \nUpon receipt of approval from the Exchange on the Consolidation, the Company will proceed with a non-brokered private placement of up to 20,000,000 units (the \"Units\") at $0.10 per Unit for gross proceeds of up to $2,000,000 (the \"Offering\").\n\n\n \nEach Unit will consist of one post consolidated Share and one share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one additional post consolidated Share (a \"Warrant Share\") at a price of $0.25 per Warrant Share for a period of five years from the closing of the Offering.\n\n\n \nThe Company may pay a finder's fee on the Offering within the amount permitted by the policies of the Exchange. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The proceeds from the Offering will be used to fund property acquisitions and for general working capital.\n\n\n \nMore information is available by contacting Tim Fernback at 604.340.3774.\n\n\n \nON BEHALF OF JET GOLD CORP.\n\n\n \nTim Fernback\n\n\n \nDirector and CEO\n\n \n \nCautionary Statement Regarding \"Forward-Looki...