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JZR Gold : Announces Closing Of Non-Brokered Private Placement Offering Of Units For $1,800,000
JZR Gold : Announces Closing Of Non-Brokered Private Placement Offering Of Units For
About this update from Jzr Gold Inc.
[{"type":"text","content":"\n \n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n \n \n JZR GOLD INC.\n \n \n July 22, 2025\n \n \n JZR GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OFFERING OF UNITS FOR $1,800,000\n \n \n Vancouver, British Columbia, Canada - JZR Gold Inc. (TSXV: JZR) (the \"Company\" or \"JZR\") is pleased to announce that it has completed its previously announced non-brokered private placement (the \"Offering\") of units (each, a \"Unit\") at a price of $0.30 per Unit. Pursuant to the Offering, which was announced on July 11, 2025, the Company has issued 6,000,000 Units for aggregate gross proceeds of CAD$1,800,000. The Company also wishes to announce that, due to investor interest, the Offering was increased from $1,500,000 to $1,800,000.\n Each Unit consists of one common share in the capital of the Company (each, a \"Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable into one additional Share (each, a \"Warrant Share\") at a price of $0.40 per Warrant Share for a period of two (2) years from the date of issuance, subject to acceleration. The Warrants are subject to an acceleration provision whereby, in the event that the volume weighted average trading price of the Company's common shares traded on TSX Venture Exchange (the \"Exchange\"), or any other stock exchange on which the Company's common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Company did not pay any finder's fees in closing this Offering.\n \n \n The Units, Shares, Warrants, and Warrant Shares are collectively referred to as the \"Securities\". The Securities are\n \n \n subject to a hold period of four months and one day from the date of Closing.\n \n \n The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila...