Business
JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000
(TheNewswire) July 11, 2025 – TheNewswire - Vancouver, British Columbia, Canada ...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000\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 July 11, 2025 – TheNewswire -\n \n\n Vancouver, British Columbia,\nCanada\n \n\n – JZR Gold Inc. (TSXV:  JZR) (the\n“\n \n\n Company\n \n\n ” or “\n \n\n JZR\n \n\n ”) is pleased to announce\nthat\n \n\n it intends\n \n\n to\nundertake a non-brokered private placement offering (the\n“\n \n\n Offering\n \n\n ”) of up to 5,000,000 units (each, a “\n \n\n Unit\n \n\n ”) at a price\nof $0.30 per Unit, to raise aggregate gross proceeds of up to\n$1,500,000.  Each Unit will be comprised of one common share (each, a\n“\n \n\n Share\n \n\n ”) and one share purchase warrant (each, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant will entitle the holder to acquire one additional common share\n(each, a “\n \n\n Warrant\nShare\n \n\n ”) of the Company at an exercise price of\n$0.40 per Warrant Share for a period of two (2) years after the\nclosing of the Offering. The Warrants will be subject to an\nacceleration clause whereby, in the event that the volume weighted\naverage trading price of the Company’s common shares traded on TSX\nVenture Exchange, or any other stock exchange on which the Company’s\ncommon shares are then listed, is equal to or greater than $0.75 for a\nperiod of 10 consecutive trading days, the Company shall have the\nright to accelerate the expiry date of the Warrants by giving written\nnotice to the holders of the Warrants that the Warrants will expire on\nthe date that is not less than 30 days from the date that notice is\nprovided by the Company to the Warrant holders. The Units, Shares,\nWarrants and any Shares issued upon the exercise of the Warrants will\nbe subject to a hold period of four months and one day from the date\nof issuance.\n \n\n\n\n The Units will be offered pursuant to available\nprospectus exemptions set out under applicable securities laws and\ninstruments, including National Instrument 45-106 –\n \n\n Prospectus Exemptions.\n \n\n\n\n The Offering may close in one or more tranches, as\nsubscriptions are received.  The Securities will be subject to a hold\nperiod of four months and one da...