Jazz Announces Closing Of First Tranche Of Private Placement Of Units

Jazz Announces Closing Of First Tranche Of Private Placement Of Units

(TheNewswire)

Vancouver, British Columbia, Canada May 13, 2022 TheNewswire - Jazz Resources Inc. ( TSXV:JZR ) (the " Company " or " JZR ") is pleased to announce that it has closed the first portion of its previously announced non-brokered private placement offering (the " Offering ") of units (the " Units ") by issuing 860,250 Units at a price of $0.80 per Unit for gross proceeds of $688,200.  Each Unit is comprised of one common share (a " Share ") in the capital of the Company and one share purchase warrant (a " Warrant ").  Each Warrant shall entitle the holder to acquire one additional common share in the capital of the Company at a price of $1.20 per Share for a period of 12 months after the date of issuance of the Warrants.

In connection with the Offering, the Company has paid finder's fees to certain registered brokerage firms, comprised of an aggregate cash payment of $27,492, and issued an aggregate of 34,365 non-transferable compensation warrants, substantially upon the same terms and conditions as the Warrants. The Units, Shares, Warrants, compensation warrants and any Shares issued upon the exercise of the Warrants or compensation warrants will be subject to a hold period of four months and one day from the date of issuance.

The Company will use the net proceeds of the Offering to advance the development of the Vila Nova gold project located in the state of Amapa, Brazil, and for general working capital purposes.

For further information, please contact:

Robert Klenk

Chief Executive Officer

rob@jazzresources.ca

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes statements with respect to the terms of the Offering and the expected use of the net proceeds of the Offering.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties and regulatory risks.  Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

JZR:CA
JZR Gold

JZR Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
JZR Gold (TSXV:JZR)

JZR Gold

Near-term cash flow with significant upside for gold exploration in Brazil

Near-term cash flow with significant upside for gold exploration in Brazil Keep Reading...
JZR Gold Announces First Concentrate From Vila Nova Gold Project

JZR Gold Announces First Concentrate From Vila Nova Gold Project

(TheNewswire) October 14, 2025 - TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (the "Company" or "JZR") (TSXV: JZR,OTC:JZRIF) is pleased to announce that it has been advised by ECO Mining Oil & Gaz Drilling and Exploration (EIRELI) ("ECO"), the operator of the Vila Nova gold... Keep Reading...
JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Units For $1,800,000

JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Units For $1,800,000

(TheNewswire) July 22, 2025 TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV: JZR) (the " Company " or " JZR ") is pleased to announce that it has completed its previously announced non-brokered private placement (the " Offering ") of units (each, a " Unit ") at a price of... Keep Reading...
JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

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 JZR Gold Inc. (TSXV: JZR) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 5,000,000 units (each, a " Unit ") at a... Keep Reading...
JZR Gold Inc. Announces Completion of Testing of Gravimetric Mill at the Vila Nova Gold Project in Brazil

JZR Gold Inc. Announces Completion of Testing of Gravimetric Mill at the Vila Nova Gold Project in Brazil

(TheNewswire) May 13, 2025 - TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV: JZR) (OTCQB: JZRIF) (the " Company " or " JZR ") wishes to provide an update on operations at Vila Nova Gold Project (the " Vila Nova Project " or the " Property ") located in the state of Amapa,... Keep Reading...
JZR Gold Inc. Closes Non-Brokered Private Placement Offering Of Units

JZR Gold Inc. Closes Non-Brokered Private Placement Offering Of Units

(TheNewswire) March 4, 2025 TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV: JZR) (the " Company " or " JZR ") is pleased to announce that it has completed its previously announced non-brokered private placement (the " Offering ") of units (each, a " Unit ") at a price of... Keep Reading...
Diamond Drilling Commenced at Paranaíta Gold Project

Diamond Drilling Commenced at Paranaíta Gold Project

Visually mineralised targets being drilled to build on existing resource

Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that its 15-hole 1,800m diamond drilling ("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project ("Paranaíta" or the "Project") located in Brazil's historically... Keep Reading...
Stack of shiny gold bars with embossed details.

Metals Focus: Gold to Average US$4,560 in 2026 on Unpredictable US Trade Policy and Potential Stagflation

Leading gold analysis firm Metals Focus published its annual Precious Metals Investment Focus report on Saturday (October 25).The report outlines the investment options available for those interested in leveraging rising demand for precious metals such as gold and silver. The report also... Keep Reading...
Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq  and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

The Eastern Expansion Drill Program Is Targeting Prospective Shallow Mineralization Encountered in Scout Drilling Across a 1.2 Kilometre Trend EASTERN EXPANSION PROGRAM HIGHLIGHTS: TXC25-166 cut 5.03 metres grading 750 grams per tonne (g/t) silver equivalent (AgEq) (306.8 g/t silver (Ag) & 4.06... Keep Reading...
Metal Bank

MBK Update - HAS Gold Assets Acquisition

Metal Bank Limited (‘MBK’ or ‘the Company’) is pleased to advise the successful completion of the phase one drilling program by Hastings Technology Metals Ltd (HAS) at the Seven Leaders prospect, one of the multiple targets at the Whiteheads Gold project in WA near Kalgoorlie. The Whiteheads... Keep Reading...
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
JZR Gold

JZR Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News