Business
JZR Gold Inc. Provides an Update Regarding the Vila Nova Gold Project in Brazil and Announces Private Placement Offering of Units to Raise up to $600,000
(TheNewswire) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DIS...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Inc. Provides an Update Regarding the Vila Nova Gold Project in Brazil and Announces Private Placement Offering of Units to Raise up to $600,000\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 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,\nPUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN\nWHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n \n\n\n January 27, 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, British Columbia,\nCanada\n \n\n – JZR Gold Inc. (TSXV:  JZR) (OTCQB:\nJZRIF) (the “\n \n\n Company\n \n\n ” or “\n \n\n JZR\n \n\n ”) wishes to\nprovide an update on operations at Vila Nova gold project (the\n“\n \n\n Vila Nova\nProject\n \n\n ”) located in the state of Amapa,\nBrazil.  The Company possesses a 50% net profit interest in all net\nprofit generated from the Vila Nova Project pursuant to a Joint\nVenture Royalty Agreement dated July 6, 2020, as amended on January 9,\n2023, with ECO Mining Oil & Gaz Drilling Exploration EIRELI\n(“\n \n\n ECO\n \n\n ”).  ECO, as the operator of the Vila Nova Project, has\ncommissioned the manufacture of an 800 tonne-per-day gravimetric mill,\nwhich mill (the “\n \n\n Mill\n \n\n ”) has been assembled and is located on\nthe Vila Nova property.  ECO has advised the Company that the Mill\nhas been energized and that it is currently testing each individual\ncomponent, including pumps and hoses.  ECO has indicated to the\nCompany that it expects that the Mill will commence operating as soon\nas practicable after testing has been completed.\n \n\n\n\n The Company also announces that\n \n\n it intends\n \n\n to undertake a non-brokered private\nplacement offering (the “\n \n\n Offering\n \n\n ”) of up to 2,400,000 units (each, a\n“\n \n\n Unit\n \n\n ”) at a price of $0.25 per Unit, to raise aggregate gross\nproceeds of up to $600,000.  Each Unit will be comprised of one\ncommon share (each, a “\n \n\n Share\n \n\n ”) and one share purchase warrant\n(each, a “\n \n\n Warrant\n \n\n ”).  Each Warrant will entitle the\nholder to acquire one additional common share (each, a “\n \n\n Warrant Share\n \n\n ”) of\nthe Company at ...