Published : April 04, 2013
MONTREAL, QUÉBEC--(Marketwired - April 4, 2013) - J.A.G. MINES LTD. (News - Market indicators) wishes to announce that it is currently completing a private placement in the amount of $240,000. This placement is being offered to "Accredited Investors" in units of $5,000. Each unit is made up of:
- 62 500 class "A" shares at $0.08 per share,
- 62 500 class "A" share purchase warrants, each warrant shall entitle the holder thereof to acquire one class "A" share of the Issuer at a price of $0.15 until the date which is twelve (12) month following the Closing date.
The Private Placement proceeds will be for the Corporation working capital requirements.
The shares issued under the terms of this placement are subject to a regulatory hold period of four (4) months.
There are no fees payables under this placement and the placement is subject to regulatory approvals.
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 Gevry, President
g.m.st-jacques@gmail.com
(514) 849-7336
(514) 849-9260 (FAX)
www.minesjag.com