Japan Gold (TSE:JG) has released an update.
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Japan Gold Corp. has successfully completed a non-brokered private placement, securing US$2 million through convertible debentures with a strategic investor. The three-year debentures, maturing in 2027, bear a 10% annual interest and are convertible into common shares at C$0.13 each. Proceeds from this placement are earmarked for general and administrative expenses for the company and its subsidiary in Japan.
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