THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES, FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW
JG Wealth Management Corp. Announces $5 Million Non-Brokered Private Placement of Unsecured Convertible Debentures
Delta, B.C. – October 23, 2017 – JG Wealth Management Corp. (“JG Wealth” or the “Company”) (CSE: JGW) (FFT: 713) is pleased to announce that it will be conducting a non-brokered private placement offering of up to five million dollars ($5,000,000) (the “Offering”) by the issuance of unsecured convertible debentures of the Company (each a “Convertible Debenture”.
The term of each Convertible Debenture will mature one (1) year from the date of issuance, carry an interest rate of ten percent (10%) per annum, and be convertible into common shares of the Company at the sole option of the holder at a price of $0.25 per common share of JG Wealth. The Company reserves the right to repay the interest of the Convertible Debentures in cash or in common shares of the Company.
The proceeds of the Offering will be used by the Company for investment and general working capital purposes. Underlying securities issued in connection with the present Offering may be subject to a statutory four-month hold period.
The present contemplated transactions may be subject to prior approval by the Canadian Securities Exchange.
For more information, please contact:
Sonny Janda, Director (604) 330 – 3112.