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JZR Gold : Announces Private Placement Offering Of Units To Raise Up To $1,500,000
JZR Gold : Announces Private Placement Offering Of Units To Raise Up To
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 11, 2025\n \n \n JZR GOLD INC. ANNOUNCES PRIVATE PLACEMENT OFFERING OF UNITS TO RAISE UP TO $1,500,000\n \n \n Vancouver, British Columbia, Canada - JZR Gold Inc. (TSXV: JZR) (the \"Company\" or \"JZR\") is pleased to announce that it intends to undertake a non-brokered private placement offering (the \"Offering\") of up to 5,000,000 units (each, a \"Unit\") at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000. Each Unit will be comprised of one common share (each, a \"Share\") and one share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder to acquire one additional common share (each, a \"Warrant Share\") of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company's common shares traded on TSX Venture 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 Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.\n The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 - Prospectus Exemptions.\n The Offering may close in one or more tranches, as subscriptions are received. The Securities will be subject to a hold period of four months and one day from the date of issuance. Closing of the Offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the ...