Business
JZR Gold Closes Non-Brokered Private Placement Offering of Units
(TheNewswire) October 24, 2024 – TheNewswire – Vancouver, British Col...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Closes Non-Brokered Private Placement Offering of Units\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 October 24, 2024 –\n \n\n TheNewswire –\n \n\n Vancouver, British Columbia, Canada\n–\n \n\n JZR Gold Inc. (the “\n \n\n Company\n \n\n ” or\n“\n \n\n JZR\n \n\n ”)\n \n\n (\n \n\n TSX-V: JZR\n \n\n ) is\npleased to announce that\n \n\n it has completed its\npreviously announced non-brokered private placement (the\n“\n \n\n Offering\n \n\n ”) of units (each, a “\n \n\n Unit\n \n\n ”) at a price\nof $0.15 per Unit. Pursuant to the Offering, which was announced on\nSeptember 27, 2024, the Company has issued 6,494,167 Units for\naggregate gross proceeds of $974,125. The Company also wishes to\nannounce that, due to investor interest, the Offering was increased\nfrom $750,000 to $975,000. Each Unit consists of one common share in\nthe capital of the Company (each, a “\n \n\n Share\n \n\n ”) and one\ncommon share purchase warrant (each, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant is exercisable into one additional Share (each, a\n“\n \n\n Warrant Share\n \n\n ”) at a price of $0.20 per Warrant Share for a period of\nthree (3) years from the date of issuance.\n \n\n\n\n The Company paid cash finder’s fees of $16,749 and\nissued 111,660 non-transferable warrants (the “\n \n\n Finder’s Warrants\n \n\n ”) to certain registered persons who acted as finders in\nconnection with the Offering. Other than being non-transferable, the\nFinder’s Warrants have the same terms as the Warrants.\n \n\n\n\n The Units, Shares, Warrants, Warrants Shares,\nFinder’s Warrants and any Shares issuable upon due exercise of the\nFinder’s Warrants are collectively referred to as the\n“Securities”. The Securities are subject to a hold period of four\nmonths and one day from the date of issuance.\n \n\n\n\n The Company intends to use the net proceeds of the\nOffering to: (i) fund operations of the fully constructed 800\ntonne-per-day gravimetric mill, as well as future exploration work on\nthe Vila Nova Gold project located in Amapa State, Brazil (the\n“\n \n\n Vila Nova\nProject\n \n\n ”), (ii) to pay certain liabiliti...