Jura Energy Corporation has entered into agreements for the issue of 4,000 units pursuant to a private placement (the "Offering"). Each unit (a "Unit") is comprised of a US$ 1,000 11% secured subordinated debenture (a "Debenture") and 200 warrants (each a "Warrant") to purchase one common share in the share capital of Jura (a "Common Share") for the greater of (i) $0.36 per common share, representing a 20% premium over the closing price of the Common Shares on the Toronto Stock Exchange ("TSX") on the last trading date prior to such agreements being entered into, and (ii) the 5-day volume weighted average trading price of the Common Shares on the TSX at the closing date, which is anticipated within the next 10 days.

The Warrants are subject to customary anti-dilution adjustments, including adjustments upon the payment of a dividend in Common Shares; subdivision or combination of the Common Shares; or the issuance of rights, options or warrants to all or substantially all holders of the outstanding Common Shares. Each Warrant issuable to subscribers under the Offering will expire on the earlier of April 30, 2018 or the 90th day following the redemption by Jura of all remaining outstanding Debentures issued to the holder of such Warrant.

Tags: Jura Energy Corporation