Business
JAZZ Announces Proposed Name Change and Private Placement Offering of Units to Raise Up to $1,300,000
(TheNewswire) September 7, 2022 – TheNewswire - Vancouver, British Columbi...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JAZZ Announces Proposed Name Change and Private Placement Offering of Units to Raise Up to $1,300,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n September 7, 2022 – TheNewswire -\n \n \n Vancouver, British Columbia,\nCanada\n \n \n -\n \n \n Jazz Resources Inc.\n \n \n (TSXV:JZR) (OTC:JZRIF) (the “\n \n \n Company\n \n \n ” or\n“\n \n \n JZR\n \n \n ”) is pleased to announce that\n \n \n it\nintends to proceed with a corporate rebranding and to change its name\nto “JZR Gold Inc.” (the “\n \n \n Name Change\n \n \n ”).  The Company does not intend\nto change its trading symbol.  The Name Change is subject to TSX\nVenture Exchange (the “\n \n \n Exchange\n \n \n ”) approval and the Company will\nprovide further updates regarding the Name Change, including the\neffective date.\n \n \n \n \n The Company further announces that it intends to\nundertake a non-brokered private placement offering (the\n“\n \n \n Offering\n \n \n ”) of up to 2,000,000 units (each, a “\n \n \n Unit\n \n \n ”) at a price\nof $0.65 per Unit, to raise aggregate gross proceeds of up to\n$1,300,000.  Each Unit will be comprised of one common share (each, a\n“\n \n \n Share\n \n \n ”) and one 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$0.80 per Warrant Share for a period of 12 months after the closing of\nthe\n \n \n Offering, whereby the expiry date of the\nWarrants may be accelerated in the event the daily trading price of\nthe Shares equals or exceeds $1.20 on the Exchange (or such other\nexchange on which the Shares may be traded) for 15 consecutive trading\ndays.  Upon such an event, the Company may accelerate the expiry date\nof the Warrants by giving notice via news release to the holders\nthereof and, in such case, the Warrants will expire on the 30th day\nafter the date on which the news release is disseminated by the\nCompany.\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 subscrip...