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JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures
(TheNewswire) Vancouver, British Columbia, Canada – September 10, 2024 – ...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia, Canada\n– September 10, 2024 –\n \n\n TheNewswire –\n \n\n JZR Gold Inc. (the\n“\n \n\n Company\n \n\n ” or “\n \n\n JZR\n \n\n ”)\n \n\n (\n \n\n TSX-V: JZR\n \n\n ) is\npleased to announce that further to news releases dated June 21, 2024,\nJuly 22, 2024, and August 16, 2024, that\n \n\n it has\nclosed the second and final tranche of the previously announced\nnon-brokered private placement offering (the “\n \n\n Offering\n \n\n ”) of\nunsecured convertible debentures (the “\n \n\n Debentures\n \n\n ”). The\nCompany requested and received acceptance from the TSX Venture\nExchange (the “\n \n\n Exchange\n \n\n ”) to increase the Offering to up to\nCAD$2 million. The principal sum of Debentures issued in the second\ntranche totals $480,000, for total gross proceeds from the Offering of\n$1,980,000.\n \n\n\n\n The Debentures will mature on the date that is one (1)\nyear from the date of issuance (the “\n \n\n Maturity Date\n \n\n ”) and\nshall bear simple interest at a rate of 10% per annum, payable on the\nMaturity Date.  The principal sum of the Debentures, or any portion\nthereof, and any interest may be converted into units (the\n“\n \n\n Units\n \n\n ”) of the Company at a conversion price of $0.20 per Unit.\n Each Unit shall be comprised of one common share (a “\n \n\n Conversion Share\n \n\n ”)\nand one share purchase warrant (a “\n \n\n Warrant\n \n\n ”).  Each\nWarrant shall entitle the holder to acquire one additional common\nshare (a “\n \n\n Warrant\nShare\n \n\n ”) in the capital of the Company at a\nprice of $0.25 per share for a period of twenty-four (24) months from\nthe date that the Warrants are issued.\n \n\n\n\n The Debentures, Units, Conversion Shares, Warrants and\nWarrant Shars are collectively referred to herein as the\n“\n \n\n Securities\n \n\n ”.  In connection with the second tranche of the Offering,\nthe Company paid cash finder’s fees of $14,700 and issued 73,500\nnon-transferable broker warrants ...