Jasper Mining Corporation closes $37,000 private placement

CALGARY, April 20, 2017 /CNW/ - Jasper Mining Corporation ("Jasper") (TSX-V:JSP) is pleased to announce that it has completed a non-brokered private placement, as announced on April 4, 2017, and accordingly has issued 616,667 units at $0.06 per unit; for gross proceeds to the Company of $37,000.  Each unit will consist of 1 common share and 1/2 common share purchase warrant.  The warrants are at an exercise price of $0.10 and expire April 20, 2019.

The private placement resulted in the issuance of 616,667 common shares, and 308,334 share purchase warrants.  There were two subscribers to the private placement, both being  Insiders of Jasper Mining Corporation.

This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a News Release be made that discloses the material details of the private placement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Jasper Mining Corporation

Gordon F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: [phone], Fax [phone], email: [email protected]