Business
JZR Gold Closes Non-Brokered Private Placement Offering of Units and Provides Corporate Update
(TheNewswire) April 16, 2024 – TheNewswire - Vancouver, British Columbia, Ca...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Closes Non-Brokered Private Placement Offering of Units and Provides Corporate Update\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 April 16, 2024 –\n \n \n TheNewswire -\n \n \n Vancouver, British Columbia, Canada –\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 TSXV:JZR\n \n \n ) is pleased\nto announce that\n \n \n it has completed its previously\nannounced non-brokered private placement offering (the “\n \n \n Offering\n \n \n ”) of units\n(the “\n \n \n Units\n \n \n ”), as described in its news release dated February 27,\n2024. Pursuant to the Offering, the Company issued 5,362,666 Units at\na price of $0.15 per Unit for gross proceeds of $804,399.90.  Each\nUnit consists of one common share in the capital of the Company (each,\na “\n \n \n Share\n \n \n ”) and one share purchase warrant (each, a “\n \n \n Warrant\n \n \n ”). Each\nWarrant entitles the holder to acquire one additional Share (a\n“\n \n \n Warrant Share\n \n \n ”) at a price of $0.25 per Warrant Share for a period of\nnine (9) months from the date of issuance. The Units, Shares,\nWarrants, Finder’s Warrants and Warrants Shares are collectively\nreferred to as the “Securities”.  The Securities will be subject\nto a hold period of four months and one day from the date of issuance.\n \n \n \n \n The Company paid cash finder’s fees totaling $1,800\nand issued 12,000 and issued non-transferable warrants (the\n“\n \n \n Finder’s\nWarrants\n \n \n ”) to certain registered persons who\nacted as finders.  Other than being non-transferable, the Finder’s\nWarrants have the same terms as the Warrants.\n \n \n \n \n Insiders subscribed for a total of 680,000 Units under\nthe Offering, which is a “related party transaction” within the\nmeaning of Multilateral Instrument 61-101\n \n \n Protection of Minority Security Holders in\nSpecial Transactions\n \n \n (“\n \n \n MI 61-101\n \n \n ”). The\nCompany has relied on the exemptions from the formal valuation and\nminority shareholder approval requirements of MI 61-101 contained in...