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JZR Gold Announces Offering of Convertible Debentures to Raise Gross Proceeds of up to $1,500,000
(TheNewswire) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, D...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Announces Offering of Convertible Debentures to Raise Gross Proceeds of up to $1,500,000\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 NOT FOR\nDISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,\nDISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN\nPART, IN OR INTO THE UNITED STATES.\n \n \n \n \n June 21, 2024 –\n \n \n TheNewswire -\n \n \n Vancouver, British Columbia,\nCanada\n \n \n – JZR Gold Inc. (TSXV:  JZR) (OTCQB:\nJZRIF) (the “\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”) announces\nthat it intends to undertake a  non-brokered private placement\noffering of convertible debentures (the “\n \n \n Debentures\n \n \n ”) to\nraise gross proceeds of up to $1,500,000 (the “\n \n \n Offering\n \n \n ”).  The\nprincipal sum of each Debenture will be $1,000.  The Debentures will\nbear interest at a simple rate of ten percent (10%) per annum and will\nmature on the date that is one (1) year from the date of issuance (the\n“\n \n \n Maturity Date\n \n \n ”).  The principal amount of the Debentures may, at the\nelection of the holders and at any time prior to the Maturity Date, be\nconverted into units of the Company (the “\n \n \n Conversion Units\n \n \n ”)\nat a conversion price of $0.20 per Conversion Unit.  Each Conversion\nUnit shall be comprised of one common share (each, a “\n \n \n Conversion Share\n \n \n ”)\nin the capital of the Company and one share purchase warrants (each, a\n“\n \n \n Conversion\nWarrant\n \n \n ”).  Each Conversion Warrant shall\nentitle the holder to acquire one Conversion Share at a price of $0.25\nper Conversion Share for a period of twenty-four (24) months from the\ndate of issuance.  The Debentures, Conversion Units, Conversion\nShares, Conversion Warrants, Conversion Warrant Shares are\ncollectively referred to herein as the “\n \n \n Securities\n \n \n ”.\n \n \n \n \n The Company intends to use the net proceeds of the\nOffering for development expenditures on the Vila Nova gold project\nlocated in the State of Amapa, Brazil and for general working capital\npurposes.\n \n \n \n \n The Offering ...