Business
Jet Gold Completes Consolidation Of Shares And Announces Private Placement Of Units
(via Thenewswire.ca) Vancouver, B.C., Canada / TNW-ACCESSWIRE / October 27 , 2014 / ...
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Jet Gold Completes Consolidation Of Shares And Announces Private Placement Of Units(via Thenewswire.ca) Vancouver, B.C., Canada / TNW-ACCESSWIRE / October 27, 2014 / Jet Gold Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to announce, further to its news release of September 15, 2014, that the Company consolidated the common shares in its capital (the "Shares") on October 9, 2014 on the basis of one (1) post-consolidated Share for every three (3) pre-consolidated Shares (the "Consolidation"). The CUSIP number is now 47712W406 and the new ISIN number is CA47712W4065. The Company's name and the stock symbol remain unchanged following the Consolidation. The Company has 6,094,728 Shares issued and outstanding after the Consolidation. The Company will now 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"). Each Unit will consist of one Share and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional 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. The Company will pay a finder's fee on the Offering within the amount permitted by the policies of the TSX Venture Exchange (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. More information is available by contacting Tim Fernback at 604.340.3774. ON BEHALF OF JET GOLD CORP. Tim Fernback Director and CEO Cautionary Statement Regarding "Forward-Looking" Information Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, ev...