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JZR Gold Closes First Tranche of Non-Brokered Private Placement Offering of Convertible Debentures and Increases Offering Up To $1,700,000
(TheNewswire) Vancouver, British Columbia, Canada – TheNewswire - July 22, 2...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Closes First Tranche of Non-Brokered Private Placement Offering of Convertible Debentures and Increases Offering Up To $1,700,000\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 \n TheNewswire -\n \n \n July 22, 2024 -\n \n \n JZR\nGold Inc. (the “\n \n \n Company\n \n \n ” or “\n \n \n JZR\n \n \n ”)\n \n \n (\n \n \n TSX-V:\nJZR\n \n \n ) is\n \n \n pleased to\nannounce that it has closed the first tranche of its previously\nannounced non-brokered private placement offering (the “\n \n \n Offering\n \n \n ”) of\nunsecured convertible debentures (the “\n \n \n Debentures\n \n \n ”).\nPursuant to the Offering, which was announced on June 21, 2024, the\nCompany has issued Debentures in the aggregate principal amount of\n$1,500,000. The Company also wishes to announce that, due to investor\ninterest, the Offering has been increased to $1,700,000.\n \n \n \n \n The Debentures will mature on the date that is one (1)\nyear from the date of issuance (the “\n \n \n Maturity Date\n \n \n ”) and\nshall bear simple interest at a rate of 10% per annum, payable on the\nMaturity Date.  The principal sum of the Debentures, or any portion\nthereof, and any interest may be converted into units (the\n“\n \n \n Units\n \n \n ”) of the Company at a conversion price of $0.20 per Unit.\n Each Unit shall be comprised of one common share (a “\n \n \n Conversion Share\n \n \n ”)\nand one share purchase warrant (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 ”) in the capital of the Company at a\nprice of $0.25 per share for a period of twenty-four (24) months from\nthe date that the Warrants are issued.\n \n \n \n \n The Debentures, Units, Conversion Shares, Warrants and\nWarrant Shars are collectively referred to herein as the\n“\n \n \n Securities\n \n \n ”.  No finder’s fees were paid in connection with the\nclosing of the first tranche of the Offering.\n \n \n \n \n All Debentures issued pursuant to the Offering,\nincluding any securities into which they may ...