Jaba (jba-a) has close a non-brokered private placement worth $208,000.
A total of 1.04 million units at a price of 20 per unit were issued. Each unit consists of one common share and one share purchase warrant that entitles the holder to an additional share at 26 for a period of 18 months.
Proceeds will be used for general working capital and for further negotiations on potential joint ventures.
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