Gold Jubilee Announces Flow-Through and Non Flow-Through Financings

Vancouver, BC – Gold Jubilee Capital Corp. (TSXV:GJB) (“Gold Jubilee” or the “Company”), is pleased to announce private placement offerings for (i) a flow-through offering raising up to $2,500,000 through the sale of up to 14,705,900 flow-through shares of the Company at the price of $0.17 per flow-through share and (ii) a non flow-through offering raising up to $300,000 through the sale of up to 2,000,000 non flow-through units at the price of $0.15 per unit. Each unit is to consist of one common share and one-half of one non-transferable share purchase warrant where one whole share purchase warrant may be exercised at the price of $0.20 cents per common share during a two-year term.
The funds shall be used for exploration and drilling on the Pyramid Project and for working capital. Finders’ fees shall be paid in cash, shares or warrants, or a combination of the foregoing, subject to board approval and in accordance with the policies of the TSX Venture Exchange.