Mr. Edgardo Russo reports
PRIVATE PLACEMENT CLOSED
On April 17, 2014, Jagercor Energy Corp. closed
a non-brokered private placement, previously announced on April 16, 2014, through the
issuance of five million units at a price of 20 cents per unit, for gross proceeds of $1-million.
Each unit is composed of one common share and one transferable share purchase warrant
exercisable at the price of 40 cents for one year after closing of the financing. A finder's fee
of 8-per-cent cash will be paid on the private placement. The shares and warrants will be subject
to a four-month hold period. The proceeds of the financing will be used for general
working capital.
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