Japan Gold Completes $5,000,000 Private Placement
TSX-V: JG
Japan Gold Corp.
Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada
Phone: +1 778-725-1491
www.japangold.com
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NEWS RELEASE
Japan Gold Completes $5,000,000 Private Placement
August 9, 2017 – Vancouver, BC – Japan Gold Corp. (TSX -V: JG) (“Japan Gold ” or the “ Company”) is
pleased to announce that it has completed a financing with Southern Arc Minerals Inc. (TSXV: SA) (“ Southern
Arc”), pursuant to which Southern Arc purchased 12,500,000 units of Japan Gold at a price of $0.40 per unit for
gross proceeds of $5,000,000. Each unit consists of one common share and one transferable common share
purchase warrant of Japan Gold. Each warrant is exercisable into one additional common share of Japan Gold at a
price of $0.40 per share for a period of 5 years. The units (and securities underlying the units) issued under the
private placement will be subject to a four month hold period expiring on December 9, 2017.
The principal use of proceeds from the private placement is intended to fund $3,650,000 in exploration
expenditures with the remaining $1,350,000 allocated for general working capital.
Following the private placement, Southern Arc owns approximately 53.08% of Japan Gold’s issued and
outstanding common shares. The private placement with Southern Arc is a “related party transaction” within the
meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI
61-101”). Japan Gold received shareholder approval of the private placement on July 14, 2017 and is relying on
sections 5.5(b) and 5.5(c) of MI 61-101 for the exemption from the valuation requirement in accordance with the
policies of the TSX Venture Exchange and MI 61-101.
Japan Gold did not file a material change report more than 21 days in advance of the closing of the private
placement based on the fact that the closing date of the private placement was not determined until regulatory
approval had been obtained.
On behalf of the Board of Japan Gold Corp.
“John Proust”
Chairman & CEO
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold and copper-gold exploration
in Japan. The Company has applied for 180 prospecting rights licenses in Japan for a combined area of 59,606
hectares over twelve separate project s. Thirty-two of the applications have been granted as Prospecting Rights.
The applications cover areas with known gold occurrences and a history of mining, and are prospective for both
high-grade epithermal gold mineralization and gold -bearing lithocaps, which could indicate the presence of
porphyry mineralization. Japan Gold’s leadership team has decades of resource industry and business experience,
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and the Company has recruited geologists and technical advisors with experience exploring and operating in Japan.
More information is available at www.japangold.com or by email at [email protected].
Japan Gold Contact
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.