Northwire Canada EditionSunday, November 8, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings Routine +

Japan Gold Closes US$1 Million Convertible Debenture Financing

By The Northwire Desk — AI Analysis Jun 23, 2026 · 06:31 JG · 0.09 Japan Gold Corp.
JG · Price

Executive Summary

  • Japan Gold Corp. has closed a non-brokered private placement of unsecured convertible debentures, raising gross proceeds of US$1.0 million (CDN$1.393 million).
  • The offering was fully subscribed by Equinox Partners Investment Management, LLC, a strategic investor and existing major shareholder holding approximately 29.32% of the company.
  • Proceeds will be allocated to general working capital, with the debentures carrying a 3-year maturity, 10% annual interest, and conversion rights subject to specific pricing mechanics and regulatory approvals.

Key Details

  • Gross Proceeds: US$1,000,000 (CDN$1,393,000)
  • Instrument: Unsecured convertible debentures
  • Investor: Equinox Partners Investment Management, LLC
  • Maturity & Interest: 3 years from issuance; 10% per annum (non-compounded), accruing daily but payable only at maturity, upon an Event of Default, or upon early redemption
  • Early Redemption & Conversion Options: Company may redeem in cash or elect to satisfy obligations via delivery of common shares at a price equal to the greater of: (i) the most recent TSXV market price on the payment date, (ii) $0.11, or (iii) the conversion price in a "Future Financing Event" (defined as a subsequent private placement of ≥CDN$2.0M within 12 months)
  • Use of Proceeds: General working capital
  • Hold Period: 4-month statutory hold period expiring October 23, 2026
  • Regulatory & Related Party Status: Classified as a related party transaction under MI 61-101; exempt from formal valuation and minority shareholder approval requirements as the fair market value does not exceed 25% of the company's market capitalization
  • Conversion Approval: Subject to final approval by the TSX Venture Exchange
Read the original news release →

More from Japan Gold Corp.

Nov 05, 2026 · 06:30

Japan secures non-dilutive royalty funding to accelerate its exploration pipeline in Japan.

Financings Sep 23, 2026 · 11:37

Japan takes an 18.8% stake and US$25 million in funding as JG becomes debt-free and cedes up to 80% of its assets.

Financings Aug 11, 2026 · 06:31

Japan refines drill targets at Mizobe as its stock languishes near 52-week lows.

Drill Results Jul 13, 2026 · 06:31

Japan’s Bajo IP survey identified targets, though untested geophysics limits near-term upside.

Drill Results Jun 12, 2026 · 06:31

Japan Gold Announces US$1 Million Convertible Debenture Financing

Financings Apr 23, 2026 · 06:31

Japan Gold Secures Working Capital via Related-Party Financing Amidst Exploration Phase

Financings