Jet Gold Corp. has closed a non-brokered private placement of 2,105,000 units at seven cents 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 will entitle the holder thereof, during a period of 24 months from the date of closing of the private placement, to purchase one Jet Gold common share at an exercise price of 17 cents per common share. Each security issued pursuant to the placement will have a mandatory four months holding period from the closing date of the placement.
The company has paid Mackie Research Capital Corp. 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-month hold period from the date of closing of the placements.
We seek Safe Harbor.
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