JG Wealth Management closes $4.74M private placement




THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES, FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW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 Corporation Announces Closing of Non-Brokered Private Placement

Delta, B.C. – November 8, 2017 – JG Wealth Management Corporation (“JG Wealth” or the “Company”) (CSE: JGW) (FFT: 713) is pleased to announce that it has closed this day a non-brokered private placement for gross proceeds of $4,740,000 (the “Offering”) by the issuance of (i) convertible debentures of the Company (each a “Convertible Debenture”) for gross proceeds of $2,340,000 and (ii) by the issuance of 24,000,000 common shares of the Company (each a “Common Share”) issued at a price of $0.10 per Common Shares for gross proceeds of $2,400,000.

The Convertible Debenture are convertible into Common Shares at a conversion price of $0.50, will mature one (1) year from the date of issuance and carry an interest rate of ten percent (10%) per annum. The Company reserves the right to repay the interest of the Convertible Debentures in cash or in common shares of the Company.

All securities and underlying securities issued in connection with the present Offering will be subject to a statutory four-month hold period. The gross proceeds from the Offering will be used by the Corporation for future potential investment and for general working capital purposes.

For more information, please contact:
Sonny Janda, Director (604) 330 – 3112.

This release is not an offer of securities of the Company for sale in the United States. The Common Shares and Warrants of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Common Shares and Warrants may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States.