J-Pacific Gold Inc.
TSX VENTURE : JPN

J-Pacific Gold Inc.

October 14, 2009 12:00 ET

J-Pacific Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009) - J-Pacific Gold Inc. (the "Company") (TSX VENTURE:JPN) is pleased to announce that it has closed its previously announced private placement and issued 4,250,000 units (the "Units") for gross proceeds of $425,000. Each Unit was issued at $0.10 and consists of one common share and one warrant (a "Warrant") entitling the holder to purchase, for a period of 24 months, one additional common share of the Company at a price of $0.12 in the first 12 months and at a price of $0.15 thereafter. The Company has paid a finder's fee of 280,000 Units to certain finders in connection with the private placement.

All securities issued will be subject to a four-month hold period. The proceeds of the financing will be used for working capital requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • J-Pacific Gold Inc.
    Nicholas Ferris
    President and CEO
    +1 (888) 236-5200
    +1 (604) 684-6678 (FAX)
    info@jpgold.com
    www.jpgold.com
    or
    Marston Webb International
    Victor Webb
    Media Inquiries
    +1 (212) 684-6601
    +1 (212) 725-4709 (FAX)
    or
    Marston Webb International
    Madlene Olson
    Media Inquiries
    +1 (212) 684-6601
    +1 (212) 725-4709 (FAX)
    marwebint@cs.com