VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2012) - Jet Gold Corp. (News - Market indicators) (the "Company") announced today a non-brokered Private Placement consisting of 4,000,000 units of the Corporation (the "Units") at a price of $0.10 per share for gross proceeds of $400,000. The units shall consist of one common share and one-half share purchase warrant with a term of 24 months and an exercise price of $0.15.
The securities issued pursuant to the private placement will be subject to a four month hold period from the closing date. The Company may pay finder's fees in connection with the private placement, subject to compliance with the policies of the TSX Venture Exchange ("Exchange"). Completion of the private placement and the payment of any finder's fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.
The funds will be added to working capital.
On behalf of the Board of Directors,
Jet Gold Corp. (News - Market indicators)
Peter Hogendoorn, Chairman & CEO