Business
JZR Gold Extends Deadline to Close Non-Brokered Private Placement Offering of Convertible Debentures
(TheNewswire) August 16, 2024 – TheNewswire – Vancouver, British Colu...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Extends Deadline to Close Non-Brokered Private Placement Offering of Convertible Debentures\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 August 16, 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 )\n \n\n announces that it has requested and has received\nacceptance from the TSX Venture Exchange (the “\n \n\n Exchange\n \n\n ”) to\nextend the deadline to complete its previously announced\n \n\n 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 ”) to\nraise gross proceeds of up to $1,500,000, which was subsequently\nincreased to $1,700,000.  On July 22, 2024, the Company announced\nthat it had closed a first tranche of the Offering and issued\nDebentures in the aggregate principal amount of $1,500,000.\n \n\n The Offering was announced on June 21, 2024,\nand the initial deadline to complete the Offering was August 5, 2024.\n Pursuant to the extension granted by the Exchange, the deadline to\nclose the Offering is September 5, 2024.\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 th...