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2008 West
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Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
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Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
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Managing Hybrid Endpoint Environments
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Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
Olitra Private Placement, JAG Oil and Gas Subsidiary

MONTREAL, QUEBEC -- (Marketwire) -- 02/04/13 -- J.A.G. Mines Ltd (TSX VENTURE:JML) wishes to announce that its majority-owned subsidiary Olitra Inc. (OLITRA) is currently completing a private placement in the amount of up to three hundred and fifty thousand dollars ($350,000). This placement is being offered in units of $5,000 to arm's length accredited investors.

OLITRA plans to issue a total of up to three million five hundred thousand (3,500,000) shares at a price of $ 0.10 per share. As a result of this financing, JAG's equity position in OLITRA will be reduced by a maximum of 4.5% - from 67% to 62.5%. Olitra will use these proceeds to support its working capital requirements, including property renewal payments and legal and administration expenses related to Olitra's planned Listing.

Pursuant to the closing of its private placement, OLITRA plans to list with the TSX Ventures exchange. OLITRA anticipates that the Listing will be realized via a Qualifying Transaction (QT) with a Canadian Pool Corporation (CPC) or a reverse takeover (RTO) via a TSX-V listed firm. The shares issued in this private placement will not be consolidated during the Listing process.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pierre Gevry, President
Les Mines J.A.G. Ltee
514-849-9260 (FAX)

Charles Alexander, President
Olitra Inc.
514-849-9260 (FAX)

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