Mines J.A.G. Ltd.: Closing of $250 000 Private Placement
December 10 2013 - 3:49PM
Marketwired
Mines J.A.G. Ltd.: Closing of $250 000 Private Placement
MONTREAL, QUEBEC--(Marketwired - Dec 10, 2013) - J.A.G. MINES
LTD. (TSX-VENTURE:JML) wishes to announce that it has closed its
private placement of $250 000.
This placement
involve the issuance of 5 000 000 of class "A" shares at $0.05 per
share and 2 500 000 class "A" share purchase warrants, one warrant
shall entitle the holder thereof to acquire one class "A" share of
the Issuer at a price of $0.12 until December 10th, 2014.
The shares issued
under the Offering are subject to a restriction period of four
months from the date of closing.
The Private
Placement proceeds will be used for the Corporation's current
activities.
The Company has not
paid any finder's fee pursuant to this offering, which has received
approval from the TSX Venture Exchange. One JAG's insider
subscribed $5 000 in this placement.
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 GevryPresidentE-mail : g.m.st-jacques@gmail.com(514)
849-7336(514) 849-9260Website : www.minesjag.com