Business
Jazz Announces Private Placement Of Units To Raise Up To $1,000,000 And Grant Of Stock Options
(TheNewswire) May 6, 2022 - TheNewswire - Vancouver, British Columbia, Canada...
About this update from Jzr Gold Inc.
[{"type":"text","content":"Jazz Announces Private Placement Of Units To Raise Up To $1,000,000 And Grant Of Stock Options\n \n \n (TheNewswire)\n \n \n \n May 6, 2022\n \n \n - TheNewswire -\n \n \n Vancouver, British Columbia,\nCanada\n \n \n – Jazz Resources Inc.\n \n \n (TSXV:JZR)\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n JZR\n \n \n ”) is pleased to announce that it intends to undertake a\nnon-brokered private placement offering (the “\n \n \n Offering\n \n \n ”) of up to\n1,250,000 units (each, a “\n \n \n Unit\n \n \n ”) at a price of $0.80 per Unit, to\nraise aggregate gross proceeds of up to $1,000,000.  Each Unit will\nbe comprised of one common share (each, a “\n \n \n Share\n \n \n ”) and one\ncommon share purchase warrant (each, a “\n \n \n Warrant\n \n \n ”).  Each\nWarrant will entitle the holder to acquire one additional common share\n(each, a “\n \n \n Warrant\nShare\n \n \n ”) of the Company at an exercise price of\n$1.20 per Warrant Share for a period of 12 months after the closing of\nthe Offering.\n \n \n \n \n The Company may pay a finder’s fee to certain\nregistered brokerage firms, which fees would be comprised of a cash\npayment equal to 6% of the subscription funds received by the Company\nfrom subscribers introduced by such brokers and the issuance of\nnon-transferable compensation warrants (the “\n \n \n Compensation Warrants\n \n \n ”) equal to 6% of the number of Units purchased by\nsubscribers introduced by such brokers.  Any Compensation Warrants\nwill be issued on substantially the same terms and conditions as the\nWarrants.  The Units, Shares, Warrants, Compensation Warrants,\nWarrant Shares and any Shares issued upon the exercise of the\nCompensation Warrants will be subject to a hold period of four months\nand one day from the closing date of the Offering.\n \n \n \n \n The Company will use the net proceeds from the Offering\nto advance the development on the Vila Nova gold project located in\nthe state of Amapa, Brazil, and for general working capital purposes.\n Closing of the Offering is expected to occur in late May 2022 and is\nsubject to the Company receiving all necessary approvals, including\nacceptance by the TSX Venture Exchange.\n \n \n \n \n The Co...