Business
JZR Gold Issues Bonus Shares in Connection with Loan Agreements
(TheNewswire) Vancouver, British Columbia - TheNewswire - August 18, 2023 - JZR Gol...
About this update from Jzr Gold Inc.
[{"type":"text","content":"JZR Gold Issues Bonus Shares in Connection with Loan Agreements\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire - August 18, 2023\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 TSXV:JZR\n \n \n ) announces\nthat, further to its news release dated June 8, 2023, it has issued an\naggregate of 300,000 bonus shares to four arm’s length lenders in\nconnection with loans advanced to the Company in the aggregate\nprincipal sum of $1,000,000 (the “\n \n \n Loan Transactions\n \n \n ”).  The bonus shares are subject to a hold period which\nexpires four months and one day from the date of issuance.\n \n \n The Company also announces that, as it has\ncompleted the Loan Transactions, it has elected not to proceed with\nclosing the balance of the unit offering that was announced on\nFebruary 22, 2023 and April 27, 2023.\n \n \n \n \n For further information, please contact:\n \n \n \n \n Robert Klenk\n \n \n \n \n Chief Executive Officer\n \n \n \n \n [email protected]\n \n \n \n \n Forward-Looking Statements\n \n \n \n \n This news release may contain forward-looking\nstatements, which would include any information about activities,\nevents or developments that the Company believes, expects or\nanticipates will or may occur in the future.  Forward-looking\ninformation reflects the expectations or beliefs of management of the\nCompany based on information currently available to it.\n Forward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause the actual results,\nlevel of activity, performance or achievements of the Company to be\nmaterially different from those expressed or implied by such\nforward-looking information.  These factors include, but are not\nlimited to: risks associated with the business of the Company;\nbusiness and economic conditions in the mineral exploration industry\ngenerally; the supply and demand for labour and other project inputs;\nchanges in commodity prices; changes in interest and currency exchange\nrates; risks related to inaccurate geological and engineering\nassumptions; risks relating to unanticipated operational difficulties\n(including failure of equipment or processes...