April 3, private placement news....April 3, 2006 - Mr. Robert Card, President, is pleased to report that Jet Gold Corp. (TSX V.JAU) has negotiated a $562,500 private placement of 2,250,000 units of the Company, at a price of 25 cents per unit, by way of a non-brokered placement. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase, for a period of two years from the closing of the private placement, one additional common share at a price of 35 cents. All securities issued under the private placements are subject to a hold period of four months and one day. The Company may also pay a finders fee under TSX regulations on a portion of the private placement. This agreement is subject to Regulatory approvals.
Two subscribers will be participating in the private placement: Sprott Asset Management Inc. subscribing for 2,000,000 units on behalf of its clients. The second subscriber, a U.K. funds manager subscribing for 250,000 units on behalf of its clients. The funds are primarily earmarked for continued exploration and development of the Company's recently acquired Naskeena Coal Project located in NW British Columbia, east of Prince Rupert and north of Terrace, B.C.
The Board of Directors are pleased with the confidence shown in the Company and its projects by the faith of the new shareholders joining Jet Gold through this placement.
On behalf of the board of directors,
Jet Gold Corp.
"Robert L. Card"
Robert L. Card
President
Investor Contact A. Salman Jamal
Syndicated Capital Corp.
604-694-1994
asj@syndicatedcc.com
www.syndicatedcc.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release
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