Level 2, 41-43 Ord Street West Perth WA 6005 PO Box 1916 West...

Level 2, 41-43 Ord Street West Perth WA 6005 PO Box 1916 West Perth WA 6872
Ph 08 9211 5777 Fax 08 9211 5700 [email protected] www.jacksongold.com.au
ABN 44 099 574 991
23 October 2006
ASX ANNOUNCEMENT
PLACEMENT AND SHAREHOLDER SHARE PURCHASE PLAN
Completion of Placement
Jackson Gold Limited Ltd (ASX: JAK) is pleased to announce a placement of 3.9 million ordinary
shares at an issue price of 15 cents per share to raise $585,000 (before expenses of the issue). The
placement will be to professional and sophisticated investors. Following completion of the
placement, the Company will have 83,750,755 ordinary shares on issue.
The funds raised will be used to accelerate the Company’s exploration programs targeting base and
precious metals at its Boolaloo Project, located in the Ashburton region of Western Australia as well
as provide working capital for the Company's various other exploration activities.
Shareholder Share Purchase Plan
The Company will also make an offer to shareholders pursuant to a Shareholder Share Purchase
Plan (“SPP”) under which eligible shareholders may apply for additional shares in Jackson Gold up
to $5,000 per shareholder. The offer of shares under the SPP will be made at 15 cents per share,
being the same price as the placement, and is limited to $1,050,000 being 7,000,000 ordinary shares.
In the event of oversubscriptions, SPP shares will be allocated to applicants on a pro-rata basis. No
brokerage, commission or other transaction costs apply to shares issued under the SPP.
The funds raised pursuant to the SPP will also be used to fund further exploration at the Company’s
Boolaloo Project as well as it's other exploration projects. Shareholders registered at the close of
business (WST) on 20 October 2006, will be eligible to participate in the Plan. Offer documents
will be forwarded to eligible shareholders on or about 24 October 2006. The offer is scheduled to
close 10 November 2006.
Andy Viner
Managing Director