Gold Jubilee closes $2-million in financings
July 21, 2016
Mr. Minaz Devji reports
GOLD JUBILEE COMPLETES FINANCING
Gold Jubilee Capital Corp., further to its news releases dated June 22, 2016, and July 18, 2016, has completed a non-brokered private placement offering of 5,332,000 units of the company at a price of 15 cents per unit for gross proceeds of $799,800. Each unit comprises one common share and one-half of one non-transferable share purchase warrant, where one whole share purchase warrant may be exercised at the price of 20 cents per common share during a two-year term. The company also issued 7,062,766 flow-through shares of the company at a price of 17 cents for gross proceeds of $1,200,670. The aggregate proceeds raised are $2,000,470.
In accordance with the policies of the TSX Venture Exchange, an aggregate of $45,877 in cash and 294,339 non-transferable share purchase warrants with an exercise price of 20 cents per common share and an expiry term of two years was paid by the company to various finders regarding the offering.
All of the securities distributed under the offering are subject to a four-month-and-one-day hold period expiring Nov. 22, 2016.
We seek Safe Harbor.