Gunpoint Exploration Ltd.

Gunpoint Exploration Ltd.

January 23, 2006 08:30 ET

Christopher James Gold Corporation: Private Placement Increased

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 23, 2006) - Christopher James Gold Corporation (the "Company") (TSX VENTURE:CJG) announces that, in order to accommodate investor interest, it has increased to a total of 5,300,000 the number of units in the non-flow-through portion of its private placement announced December 16, 2005.

Each non-flow-through unit, at a price of $0.30, will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 12 months at a price of $0.60 per share.

The total proceeds to be raised from the private placement, which includes 1,350,000 flow-through units that were issued on December 29, 2005 at a price of $0.40 per unit, will now be $2,130,000.

This increase in the private placement is subject to regulatory approval.

Christopher James Gold Corp.

Max Baker, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Christopher James Gold Corporation
    Max Baker
    (604) 782-4369