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JZR Gold Announces the Passing of Dr. Stewart Jackson and Amends the Terms of its Previously Announced Private Placement Offering
(TheNewswire) April 21, 2023 – TheNewswire - Vancouver, British Columbia, Ca...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Announces the Passing of Dr. Stewart Jackson and Amends the Terms of its Previously Announced Private Placement Offering \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n April 21, 2023 –\n \n \n TheNewswire -\n \n \n Vancouver, British Columbia, Canada\n–\n \n \n JZR Gold Inc. (\n \n \n TSXV:JZR\n \n \n )\n \n \n (OTC:JZRIF)\n \n \n (the “\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”)\n \n \n announces with great sadness the passing of Dr. Stewart\nJackson, PhD, P. Geo, the Company’s “Qualified Person” pursuant\nto National Instrument 43-101 –\n \n \n Standards of Disclosure for Mineral\nProjects\n \n \n .  Dr. Jackson was an accomplished\nmining professional, with decades of experience in the exploration and\ndevelopment of mineral projects and was instrumentally involved in\nseveral successful discoveries.  Management and the board of\ndirectors of the Company wish to extend their sincere condolences to\nDr. Jackson’s family and friends.\n \n \n \n \n The Company also wishes to announce that, due to market\nconditions, it has amended the terms of its private placement\npreviously announced on February 22, 2023.  Pursuant to the new\nterms of the offering (the “\n \n \n Offering\n \n \n ”), the Company intends to issue up\nto 4,166,666 units (each, a “\n \n \n Unit\n \n \n ”) at a price of $0.60 per Unit, to\nraise gross proceeds of up to $2,500,000.  Each Unit will be\ncomprised 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 shall entitle the holder to acquire one additional common\nshare (a “\n \n \n Warrant\nShare\n \n \n ”) at a price of $0.90 per Warrant Share\nfor a period of 18 months after the date of issuance.  The Offering\nis expected to close on or about May 30, 2023 and is subject to\napproval of the TSX Venture Exchange (“\n \n \n TSXV\n \n \n ”).\n \n \n \n \n The Company intends to use the net proceeds of the\nOffering to fund operations of the fully constructed 800 tonne-per-day\ngravimetric mill, as well as future exploration work on the Vila Nova\nGold project located in Amapa State, ...