Business
Jazz Announces Closing Of First Tranche Of Private Placement Of Units
(TheNewswire) Vancouver, British Columbia, Canada – May 13, 2022  ...
About this update from Jzr Gold Inc.
[{"type":"text","content":"Jazz Announces Closing Of First Tranche Of Private Placement Of Units \n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia,\nCanada\n \n \n –\n \n \n May 13, 2022\n–\n \n \n TheNewswire -\n \n \n Jazz\nResources Inc.\n \n \n (\n \n \n TSXV:JZR\n \n \n )\n \n \n (the\n“\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”) is pleased to announce that it has\nclosed the first portion of its previously announced non-brokered\nprivate placement offering (the “\n \n \n Offering\n \n \n ”) of units\n(the “\n \n \n Units\n \n \n ”) by issuing 860,250 Units at a price of $0.80 per Unit\nfor gross proceeds of $688,200.  Each Unit is comprised of one common\nshare (a “\n \n \n Share\n \n \n ”) in the capital of the Company and one share purchase\nwarrant (a “\n \n \n Warrant\n \n \n ”).  Each Warrant shall entitle the\nholder to acquire one additional common share in the capital of the\nCompany at a price of $1.20 per Share for a period of 12 months after\nthe date of issuance of the Warrants.\n \n \n \n \n In connection with the Offering, the Company has paid\nfinder’s fees to certain registered brokerage firms, comprised of an\naggregate cash payment of $27,492, and issued an aggregate of\n \n \n 34,365\n \n \n non-transferable\ncompensation warrants, substantially upon the same terms and\nconditions as the Warrants. The Units, Shares, Warrants, compensation\nwarrants and any Shares issued upon the exercise of the Warrants or\ncompensation warrants will be subject to a hold period of four months\nand one day from the date of issuance.\n \n \n \n \n The Company will use the net proceeds of the Offering\nto advance the development of the Vila Nova gold project located in\nthe state of Amapa, Brazil, and for general working capital purposes.\n \n \n \n \n For further information, please contact:\n \n \n \n \n Robert Klenk\n \n \n \n \n Chief Executive Officer\n \n \n \n \n [email protected]\n \n \n \n \n Forward-Looking Information\n \n \n \n \n This press release contains \"forward-looking\ninformation\" within the meaning of applicable Canadian securities\nlegislation. Forward-looking information in this press release\nincludes statements with respect to the terms of the Offering and the\nexpected use of the net ...