Business
Jazz Announces Non-Brokered Private Placement Offering of Units
(TheNewswire) V a n c o u v e r , B rit...
About this update from Jzr Gold Inc.
[{"type":"text","content":"Jazz Announces Non-Brokered Private Placement Offering of Units\n \n \n (TheNewswire)\n \n \n \n \n V\n \n \n a\n \n \n n\n \n \n c\n \n \n o\n \n \n u\n \n \n v\n \n \n e\n \n \n r\n \n \n ,\n \n \n B\n \n \n rit\n \n \n i\n \n \n s\n \n \n h\n \n \n Col\n \n \n u\n \n \n m\n \n \n b\n \n \n i\n \n \n a\n \n \n ,\n \n \n C\n \n \n a\n \n \n na\n \n \n d\n \n \n a\n–\n \n \n TheNewswire - November\n4,\n \n \n 2021\n \n \n – J\n \n \n a\n \n \n z\n \n \n z\n \n \n Res\n \n \n o\n \n \n u\n \n \n r\n \n \n ces\n \n \n Inc.\n \n \n (\n \n \n t\n \n \n h\n \n \n e\n \n \n “\n \n \n Com\n \n \n p\n \n \n an\n \n \n y\n \n \n ”\nor\n \n \n “\n \n \n J\n \n \n Z\n \n \n R\n \n \n ”\n \n \n )\n \n \n (\n \n \n TSX\n \n \n V\n \n \n :\n \n \n J\n \n \n Z\n \n \n R)\n \n \n announces that it intends to complete a non-brokered private\nplacement of units of the Company (each, a “\n \n \n Unit\n \n \n ”) at a price\nof $0.75 per Unit, for aggregate gross proceeds to the Company of\n$800,000 (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n Each Unit will be comprised of one common share of the\nCompany (each, a “\n \n \n Common\nShare\n \n \n ”) and one share purchase warrant (each,\na “\n \n \n Warrant\n \n \n ”), with each Warrant being exercisable for one Common\nShare at an exercise price of $1.10 per Common Share at any time up to\n18 months following the closing date of the Offering. The Warrants\nwill also be subject to an acceleration clause whereby, in the event\nthe volume weighted average trading price of the Common Shares on the\nTSX Venture Exchange (“\n \n \n TSXV\n \n \n ”), or any other stock exchange on which\nthe Company’s common shares are then listed, is equal to or greater\nthan $1.50 for a period of 15 consecutive trading days, the Company\nwill have the right to accelerate the expiry date of the Warrants by\ngiving written notice to the holders of the Warrants that the Warrants\nwill expire on the date that is not less than 30 days from the date\nnotice is provided by the Company to the Warrant holders.\n \n \n \n \n In connection with the Offering, the Company may pay\nfinder’s fees to certain registered brokerage firms, which fees\nwould be a cash payment equal to 6% of the gross proceeds rai...