Japan Gold Announces US$1 Million Private Placement

Core Viewpoint - Japan Gold Corp. announces a non-brokered private placement financing of 17,182,500 common shares at a price of C$0.08 per share, aiming for gross proceeds of US$1,000,000 (C$1,374,600) from Equinox Partners Investment Management LLC, a strategic investor and major shareholder of the Company [1][2]. Group 1 - The net proceeds from the Offering will be allocated for general and administrative expenses for the Company and its Japan-based subsidiary [2]. - The Offering is expected to close on or about August 15, 2025, pending regulatory approval from the TSX Venture Exchange [2]. - Following the Closing Date, Equinox will hold 90,133,518 shares, representing approximately 30.45% of the then issued and outstanding common shares of the Company [3]. Group 2 - Equinox is considered a "related party" of the Company, and its subscription under the Offering will constitute a "related party transaction" under Multilateral Instrument 61-101 [4]. - The Company intends to rely on exemptions from formal valuation and minority shareholder approval requirements as the fair market value of the securities issued does not exceed 25% of the Company's market capitalization [4]. Group 3 - Japan Gold Corp. is focused on the exploration and discovery of high-grade epithermal gold deposits across Japan, holding a significant portfolio of tenements in areas with known gold occurrences [6]. - The Company has an alliance with Barrick Mining Corporation to jointly explore, develop, and mine certain gold mineral properties in Japan [6]. - Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation [6].