Business
JZR Gold Announces Private Placement Offering of Units to Raise Up to $1,000,000
(TheNewswire) Vancouver, British Columbia, Canada - TheNewswire - December 18, 2023...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Announces Private Placement Offering of Units to Raise Up to $1,000,000\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 Vancouver, British Columbia, Canada -\n \n \n TheNewswire -\n \n \n December 18, 2023 -\n \n \n JZR Gold Inc.\n \n \n (TSXV:JZR)\n \n \n (OTC:JZRIF)\n \n \n (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\n \n \n to undertake a non-brokered private\nplacement offering (the “\n \n \n Offering\n \n \n ”) of up to 5,000,000 units (each, a\n“\n \n \n Unit\n \n \n ”) at a\n \n \n price of $0.20 per Unit, to\nraise aggregate gross proceeds of up to $1,000,000.  Each Unit will\nbe comprised of one common share (each, a “\n \n \n Share\n \n \n ”) and one\nshare 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 ”) in the capital of the Company at an\nexercise price of $0.30 per Warrant Share for a period of nine (9)\nmonths after the closing of the Offering.\n \n \n \n \n The Units will be offered pursuant to available\nprospectus exemptions set out under applicable securities laws and\ninstruments, including National Instrument 45-106 –\n \n \n Prospectus Exemptions.\n \n \n The Offering will also be made available to existing\nshareholders of the Company who, as of the close of business on\nDecember 15, 2023, held common shares (and who continue to hold such\ncommon shares as of the closing date), pursuant to the existing\nshareholder exemption set out in BC Instrument 45-534\n \n \n Exemption From Prospectus Requirement for\nCertain Trades to Existing Security Holders\n \n \n (the “\n \n \n Existing\nSecurityholder Exemption\n \n \n ”)\n \n \n .\n \n \n The Existing\nSecurityholder Exemption limits a shareholder to a maximum investment\nof CAD$15,000 in a 12-month period unless the shareholder has obtained\nadvice regarding the suitability of the investment and, if the\nshareholder is resident\n \n \n in a jurisdiction of\nCanada, that advice has been obtained from a person that is registered\nas an investment dealer in the juri...