Private Placement of J.A.G.
01 December 2012 - 6:18AM
Marketwired Canada
J.A.G. MINES LTD. (TSX VENTURE:JML) wish to announce a first closing on its
private placement currently underway. An amount of $340 000 has been raised as
of this date on the total amount of one million dollars ($1 000 000.) This
placement is being offered to "Accredited Investors" in units of $5,000. Each
unit is made up of:
i. 40 000 flow-through common shares at $0.10 per share;
ii. 10 000 non-flow-through common shares at $0.10 each and;
iii.25 000 common share purchase warrants, each warrant shall entitle the
holder thereof to acquire one common share of the Issuer (on a non-flow-
through basis) at a price of $0.20 until the date which is twelve (12)
month following the Closing date.
The proceeds (80%) will be used to incur exploration expenditures on JAG's
Properties in Belleterre-Temiscamingue (gold-silver) and St-Robert-Bellarmin
(gold-silver-tungsten, lead, zinc).
Shares issued pursuant to the offering will be subject to a four (4) month hold
period. The private placement is scheduled to expire on December 20th, 2012.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pierre Gevry
President
(514) 849-7336
(514) 849-9260 (FAX)
g.m.st-jacques@gmail.com
www.minesjag.com
J.A.G. Ltee (Les Mines) (TSXV:JML)
Historical Stock Chart
From Sep 2024 to Oct 2024
J.A.G. Ltee (Les Mines) (TSXV:JML)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More J.A.G. Mines Ltd. News Articles