Vancouver, B.C., Canada – September 28, 2016 – Jet Gold Corp. (“Jet Gold” or “the Company“) (TSX-V: JAU) announces that it has closed a non-brokered private placement of 2,105,000 units (the “Units”) at $0.07 per Unit for gross proceeds of $147,350.
Each Unit consists of one common share and one-half common share purchase warrant of Jet Gold. Each full warrant (the “Warrant”) will entitle the holder thereof, during a period of 24 months from the date of closing of the private placement, to purchase one (1) Jet Gold common share at an exercise price of $0.17 per common share. Each security issued pursuant to the placement will have a mandatory four (4) months holding period from the closing date of the placement.
The Company has paid Mackie Research Capital Corporation a finder’s fee of $1,344 and issued 19,200 Compensation Warrants. The Compensation Warrants have the same terms and conditions as the Warrants. Each security issued pursuant to the placements has a mandatory four (4) month hold period from the date of closing of the placements.
This press release contains certain “forward-looking statements,” as identified in the Jet Gold’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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.
More information is available by contacting
ON BEHALF OF JET GOLD CORP.
Director and CEO