Business
Jazz Closes Balance of Increased Non-Brokered Private Placement Offering of Units
(TheNewswire) Vancouver, British Columbia, Canada – TheNewsw...
About this update from Jzr Gold Inc.
[{"type":"text","content":"Jazz Closes Balance of Increased Non-Brokered Private Placement Offering of Units\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia, Canada\n–\n \n \n TheNewswire -\n \n \n December 24, 2021\n \n \n –\nJazz Resources Inc. (the “\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”)\n \n \n (\n \n \n TSXV:JZR)\n \n \n is pleased to announce that it has closed (the\n“\n \n \n Second Tranche\n \n \n ”) the balance of its previously announced non-brokered\nprivate placement offering (the “\n \n \n Offering\n \n \n ”) of units\n(each, a “\n \n \n Unit\n \n \n ”) by issuing 819,999 Units at a price of $0.75 per Unit\nfor gross proceeds of $614,999.25.  Each Unit is comprised of one\ncommon share of the Company (“\n \n \n Share\n \n \n ”) and one share purchase warrant\n(“\n \n \n Warrant\n \n \n ”), with each Warrant entitling the holder to acquire one\nadditional Share at a price of $1.10 per Share at any time up to 18\nmonths following the closing date(s) of the Offering.  The Warrants\nare subject to an acceleration clause whereby, in the event the volume\nweighted average trading price of the Shares on the TSX Venture\nExchange (the “\n \n \n Exchange\n \n \n ”), or any other stock exchange on\nwhich the Company’s 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 holders of the\nWarrants.\n \n \n \n \n In connection with the closing of the Second Tranche of\nthe Offering, the Company paid finder’s fees to certain registered\nbrokerage firms, comprised of an aggregate of $11,400 paid in cash,\nand an aggregate of 11,200 non-transferable compensation warrants,\nsubstantially upon the same terms and conditions as the Warrants.\n \n \n \n \n Insiders of the Company subscribed for an aggregate of\n20,000 Units, which constituted a “related party transaction”\nwithin the meaning of Multilateral Instrument 61-101\n \n \n Protection ...