Proceeds of the Private Placement will be used for drill programs, drill targeting and advanced exploration at the Company's Ikutahara and Ohra-Takamine wholly-owned projects and for general working capital purposes. The Shares will be subject to a hold period of four months in accordance with applicable securities laws.
The Company has agreed to pay a finder's fee in cash equal to 6.0% of the gross proceeds from the sale of Shares to third parties sourced by the finders as well as warrants to purchase that number of common shares equal to 6.0% of the number of Shares sold to third parties sourced by the finder. Each finder's warrant will be exercisable into one common share of the Company at an exercise price of
This news release does not constitute an offer of securities for sale in
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Email: info@japangold.com
Cautionary Note
This news release contains forward-looking statements relating to the Private Placement and the use of proceeds. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; receipt and timing of regulatory approvals; new legislation; potential delays or changes in plans and the Company's ability to execute and implement future plans. There is no guarantee that the Private Placement will close or that it will close in the expected time frame. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this news release. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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