Japan Gold Corp. announced a non-brokered private placement of up to 50,000,000 common shares at a price of CAD 0.20 per share for gross proceeds of up to CAD 10,000,000 on April 26, 2023. The shares will be subject to a hold period of four months and one day in accordance with applicable securities laws.

As a part of transaction, the company will pay a cash fee equal to 6.0% of the gross proceeds from the sale of shares to third parties sourced by the finders, and finder's warrants equal in number to 6.0% of the shares sold to third parties sourced by the finders. Each finder's warrant will be exercisable into one common share of the company at an exercise price of CAD 0.20 per share for a period of 12 months from the date of closing.