Jet Gold Corp. – Private placement to raise $700k
VANCOUVER, Oct. 6, 2011 /PRNewswire/ - Jet Gold Corp. (TSX-V: JAU) today announced a non brokered private placement of $700,000 to be
raised through the issuance of 3,500,000 units (“Units”) at a price of
$0.20 per Unit. Each Unit will be comprised of one common share and
one common share purchase warrant (“Warrant”). One Warrant will entitle
the holder to purchase one common share at a price of $0.25 per share
in year one and $0.30 per share in year two.
The proceeds of the financing will be used to further explore the Big
Hammer Gold property located in Terrace, BC, and the Silver Bay
property in west central BC and for general working capital purposes.
The private placement is subject to TSX Venture Exchange approval.
JetGold is a Canadian resource exploration company actively developing gold,
silver, copper, zinc, molybdenum and tellurium mineral resource
properties in British Columbia, Canada. The company is currently
undertaking exploration of its two unique precious metal properties
[Big Hammer and Silver Bay] and a base metal property [Kshish].
Gold/silver/tellurium (Au/Ag/Te) property located 13 km Big Hammer southeast of Terrace Silver Bay Silver/zinc (Ag/Zn) property located in west central BC Kshish Copper/Molybdenum (Cu/Mo) property located 15 km northeast of Terrace
JetGold is strategically investing in the Terrace and Smithers mining
districts of British Columbia based on excellent road access, abundant
power and water supply and close proximity to the CN rail line and the
Fairview Terminal deep water container port in Prince Rupert. The port
is an important part of the Government of Canada’s “Asia-Pacific Gateway & Corridor Initiative” and the Province of British Columbia’s “Pacific Gateway” strategy.
Additional information at: www.jetgoldcorp.com
On behalf of the Board of Directors,
Jet Gold Corp. (TSX.V: JAU)
“Brad J. Moynes”
Brad J. Moynes
President & CEO
Forward Looking Information: 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.
Statements containing forward-looking information express, as at the
date of this news release, the Company’s plans, estimates, forecasts,
projections, expectations or beliefs as to future events or results and
are believed to be reasonable based on information currently available
to the Company.
Forward-looking statements and information are based on assumptions that
financing and personnel will be available when required and on
reasonable terms, and all necessary regulatory approvals and
shareholder approval will be obtained, none of which are assured and
are subject to a number of other risks and uncertainties
There can be no assurance that forward-looking statements will prove to
be accurate. Actual results and future events could differ materially
from those anticipated in such statements. Readers should not place
undue reliance on forward-looking information.
SOURCE Jet Gold Corp.