November 30, 2012 15:18 ET
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:
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.
Pierre GevryPresident(514) 849-7336(514) 849-9260 (FAX)firstname.lastname@example.org
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