Japan Gold Corp V.JG

Alternate Symbol(s): JGLDF

Metals & Mining Gold

Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration in Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization. It has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects with the potential to host tier i or tier II gold ore bodies in Japan. It is focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu, and Kyushu. The Company holds a portfolio of 35 projects across the three main islands of Japan, for a total of 303,923 hectares. Its projects include Aibetsu Project, Bajo Project, Buho Project, Ebino Project, Gumyo Project, Ikutahara Project, Kamitsue Project, Mizobe Project, Ohra-Takamine Project, Onoyama Project, Tobaru Project, Tobaru-Fuke Project, Togi Project, and Usa Project, among others.

TSXV:JG - Post by User

Japan Gold Corp

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Post by sueronon Nov 26, 2019 1:36pm

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Post# 30394228

Southern Arc investor Andrews acquires 1.63 M shares

Not saying to buy or sell..

Michael Andrews of Vancouver, B.C., has acquired 1,635,000 common shares of Southern Arc Minerals Inc., representing 8.93 per cent of the issued and outstanding common shares of the company, of which 280,000 shares were acquired pursuant to the exercise of stock options and 1,355,000 shares were acquired pursuant to the exercise of warrants. The company's head office is located at Suite 650, 669 Howe St., Vancouver, B.C., V6C 0B4, Canada. Mr. Andrews acquired 180,000 shares at a price of 32 cents per share for the total purchase price of $57,600, 100,000 shares at a price of 35 cents per share for the total purchase price of $35,000 and 1,355,000 shares at a price of 32 cents per share for the total purchase price of $433,600.

Immediately prior to the foregoing acquisition, Mr. Andrews owned 1,647,500 common shares of the company, representing 9.88 per cent of the issued and outstanding shares of the company at that time, on an undiluted basis. In addition, Mr. Andrews also owned 1,355,000 warrants to purchase shares and 280,000 stock options to purchase shares.

As a result of the acquisition, Mr. Andrews now owns 3,282,500 common shares of the company, representing approximately 17.93 per cent of the issued and outstanding common shares of the company. The acquisition resulted in an approximate 8.05-per-cent change in Mr. Andrews ownership of common shares of the company.

The securities acquired by Mr. Andrews will be held for investment purposes. Mr. Andrews may, depending on market and other conditions, increase or decrease his ownership of the company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The disclosure respecting Mr. Andrews' shareholdings contained in this press release is made pursuant to Multilateral Instrument 62-104 and a report respecting the above acquisition will be filed with the applicable securities commissions using SEDAR.

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