J.A.G. Mines Ltd.

TSX VENTURE : JML


J.A.G. Mines Ltd.

November 30, 2012 15:18 ET

Private Placement of J.A.G.

MONTREAL, QUEBEC--(Marketwire - Nov. 30, 2012) - 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:

  1. 40 000 flow-through common shares at $0.10 per share;
  2. 10 000 non-flow-through common shares at $0.10 each and;
  3. 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.

Neither 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.

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