Japan Gold (TSE:JG) has released an update.
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Japan Gold Corp. has announced a non-brokered private placement of unsecured convertible debentures, aiming to raise US$2 million to fund the company’s general and administrative expenses, as well as supporting its Japan-based subsidiary. The three-year debentures offer a 10% annual interest rate, payable in company shares, with conversion and interest payment terms contingent on shareholder approval and TSX Venture Exchange acceptance. This strategic financial move underscores Japan Gold’s commitment to bolstering its gold exploration operations across Japan.
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