J-Pacific Gold Inc.
NEWS RELEASE No. 14, 2007
J-Pacific Arranges Financing
VANCOUVER, JUNE 25, 2007 – J-Pacific Gold Inc. (“The Company” TSXV – JPN, OTCBB – JPNJF) is pleased to announce that it will be proceeding with a private placement of up to 5,000,000 units of the Company at a price of $0.40 per unit for total proceeds of up to $2,000,000. The units will be issued as both flow-through units and non flow-through units at the same price. Each non flow-through unit will consist of one common share and one warrant (a “Warrant”) entitling the holder to purchase one additional common share of the Company at a price of $0.55 per share for a period of 24 months after the closing of the private placement. Each flow-through unit will consist of one flow-through common share and one Warrant. The Company will, subject to TSX Venture Exchange approval, pay a finders fee on a portion of the private placement.
All securities issued will be subject to a four-month hold period. The proceeds of the financing will be applied to exploration on the Company’s British Columbia and Quebec properties and for working capital.
The private placement is subject to regulatory approval.
On behalf of the Board of Directors
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, visit www.jpgold.com, or call or e-mail:
Nick Ferris, President and CEO
J-Pacific Gold Inc.
Tel: +1 (888) 236-5200
Fax: +1 (604) 684-6678
Victor Webb/Madlene Olson
Marston Webb International
Tel: +1 (212) 684-6601
Fax: +1 (212) 725-4709
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward-looking statements include comments regarding the establishment and estimates of mineral reserves [and non-reserve mineralized material], future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues; and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management’s estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested is contained in the Company’s filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.