Japan Gold Announces Closing of Upsized Private Placement

Core Viewpoint - Japan Gold Corp. successfully closed an oversubscribed non-brokered private placement financing, raising gross proceeds of C$2,067,600 to support its initiatives in Japan's resource-rich regions [1][3]. Financing Details - The Company issued a total of 25,845,000 common shares at a price of C$0.08 per share, with a significant portion (17,182,500 shares for C$1,374,600) sold to Equinox Partners Investment Management LLC, a strategic investor and major shareholder [2][3]. - The net proceeds will be allocated for general and administrative expenses, marketing, and advertising [3]. Shareholder Information - As of the closing date, Equinox holds approximately 30% of the issued and outstanding common shares of the Company, totaling 90,133,518 shares [5]. - Equinox's participation in the Offering is classified as a "related party transaction," and the Company will rely on exemptions from formal valuation and minority shareholder approval requirements [6]. Company Overview - Japan Gold Corp. is focused on exploring high-grade epithermal gold deposits across Japan, holding a significant portfolio of tenements in stable and underexplored regions [8]. - The Company has an alliance with Barrick Mining Corporation to explore and develop gold mineral properties in Japan [8].