Precious Metals

(TheNewswire)

August 11, 2022 TheNewswire - Vancouver, British Columbia, Canada Jazz Resources Inc. (the " Company " or " JZR ") (TSXV:JZR) is pleased to announce that it intends to undertake a non-brokered private placement offering of convertible debentures (the " Debentures ") to raise gross proceeds of up to $1,000,000 (the " Offering ").  The principal sum of each Debenture will be $1,000.  The Debentures will bear interest at a simple rate of eight percent (8%) per annum and will mature on the date that is two (2) years from the date of issuance (the " Maturity Date "). For the first year of the term of the Debentures, interest will be paid in arrears in cash to the holders of the Debentures on the earlier of the conversion date or the date of the first anniversary of the Debentures. For the second year of the term of the Debentures, interest will be paid in arrears in cash on the earlier of the conversion date and the Maturity Date for interest accrued during the second year. The principal amount of the Debentures may, at the election of the holders and at any time prior to the Maturity Date, be converted into common shares in the capital of the Company (the " Conversion Shares ") at a conversion price of $0.85 per Conversion Share.  The Debentures will be offered pursuant to one or more prospectus exemptions set out in National Instrument 45-106 Prospectus Exemptions .

The Company intends to use the net proceeds of the Offering for development expenditures on the Vila Nova gold project located in the State of Amapa, Brazil and for general working capital purposes.

Closing of the Offering is expected to occur in one or more tranches, with the first tranche expected to close on or about August 24, 2022.  Insiders of the Company may participate in the Offering.  The Company may pay participating registered dealers finder's fees in connection with the Offering comprised of cash or securities of the Company, or a combination thereof, as permitted by the TSX Venture Exchange (the " Exchange ").

The Offering is subject to certain conditions including, but not limited to, receipt of Exchange approval. The Debentures, and any Conversion Shares issuable upon the conversion thereof, will be subject to a statutory hold period of four months and one day from the date of issuance.

The Company also announces that it has elected to relinquish and allowed to expire four (4) mineral claims totaling 2,000 hectares on the Teddy Glacier property located 40km southeast of Revelstoke, B.C.  The Company still holds one (1) claim on the Teddy Glacier property which totals approximately 50 hectares.

For further information please contact:

Robert Klenk

Chief Executive Officer

rob@jazzresources.ca

Forward-Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the Offering, the expected participation in the Offering by certain insiders, the Company's expected use of net proceeds of the Offering, and the receipt of Exchange approval.  Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to; the state of the capital markets, and the market for commodities and precious metals; changes in laws and Exchange policies, macroeconomic and geopolitical events or events of third parties beyond the Company's control; and other risks detailed from time to time in filings made by the Company with the securities regulatory authorities.  The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. Such statements although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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
inn on columbia

Jazz Resources


Keep reading...Show less
JAZZ Announces Partial Closing of Private Placement of Units and Termination of Debenture Offering

JAZZ Announces Partial Closing of Private Placement of Units and Termination of Debenture Offering

(TheNewswire)

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

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JAZZ Announces Proposed Name Change and Private Placement Offering of Units to Raise Up to $1,300,000

JAZZ Announces Proposed Name Change and Private Placement Offering of Units to Raise Up to $1,300,000

(TheNewswire)

September 7, 2022 TheNewswire - Vancouver, British Columbia, Canada - Jazz Resources Inc. (TSXV:JZR) (OTC:JZRIF) (the " Company " or " JZR ") is pleased to announce that it intends to proceed with a corporate rebranding and to change its name to "JZR Gold Inc." (the " Name Change ").  The Company does not intend to change its trading symbol.  The Name Change is subject to TSX Venture Exchange (the " Exchange ") approval and the Company will provide further updates regarding the Name Change, including the effective date.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JAZZ RESOURCES INC. Receives DTC Eligibility

JAZZ RESOURCES INC. Receives DTC Eligibility

(TheNewswire)

August 10, 2022 TheNewswire - Vancouver, British Columbia, Canada Jazz Resources Inc. (the " Company " or " JZR ") (TSXV:JZR) is pleased to announce that its common shares ("Shares") have been made eligible for book-entry and depository services of the Depository Trust Company ("DTC") to facilitate electronic clearing and settlement of transfers of its Shares in the United States.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Jazz Resources Inc. Reports on and Summarizes Certain Technical Information Received from the Operator of the Vila Nova Gold Project, Amapa State, Brazil

Jazz Resources Inc. Reports on and Summarizes Certain Technical Information Received from the Operator of the Vila Nova Gold Project, Amapa State, Brazil

(TheNewswire)

Highlights of the Report (as defined below) include:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
JAZZ Closes Balance of Increased Non-Brokered Private Placement of Units

JAZZ Closes Balance of Increased Non-Brokered Private Placement of Units

(TheNewswire)

Vancouver, British Columbia, Canada TheNewswire - Jazz Resources Inc. (TSXV:JZR) (the " Company " or " JZR ") is pleased to announce that it has closed (the " Second Tranche ") the balance of its previously announced non-brokered private placement offering (the " Offering ") of units (the " Units ") by issuing 1,264,750 Units at a price of $0.80 per Unit for gross proceeds of $1,011,800.  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 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.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
NV Gold Appoints Investor Relations Consultant

NV Gold Appoints Investor Relations Consultant

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce that subject to regulatory approval, it has retained the services of Robert Ferguson of Freeform Communications Inc. ("Freeform") of Vancouver, BC, to provide various investor relations, communications and consulting services for, and on behalf of, the Company in connection with the Company's interactions with shareholders, media and members of the investment community. The retainer is for a period of one year

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Newfoundland Discovery Enters into LOI to Sell Chubb Lithium Property

Newfoundland Discovery Enters into LOI to Sell Chubb Lithium Property

Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or the "Company") is pleased to announce that the Company has entered into a binding letter of intent (the "LOI") whereby the Company has granted Mining Equities Pty Ltd. ("Mining Equities"), an Australian company, the right to acquire a 100% interest in the Chubb Lithium Property, consisting of thirty-five (35) mineral claims comprising approximately 1,509 hectares, located in Quebec, Canada (the "Property");

Under the terms of the LOI, Mining Equities may acquire a 100% interest in the Property by:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Steppe Gold Announces Important Developments in Creating a New Gold District in Bayankhongor

Steppe Gold Announces Important Developments in Creating a New Gold District in Bayankhongor

Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is extremely pleased to announce three important milestones in its ongoing plan to create a new, multi-million ounce exploration potential, gold district in Bayankhongor province.

Steppe Gold acquired the highly prospective Uudam Khundii gold project in 2017, in partnership with the Province of Bayankhongor, and has been conducting exploration work since the acquisition.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ALX Resources Corp. Stakes Anchor Lithium Project in Nova Scotia, Canada

ALX Resources Corp. Stakes Anchor Lithium Project in Nova Scotia, Canada

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Anchor Lithium Project ("Anchor", or the "Project") located within the Meguma Terrane of central and western Nova Scotia, Canada. Anchor consists of 34 mineral licences in two sub-projects known as "Drake" and "Yankee" totalling approximately 31,808 hectares (78,598 acres), located in an emerging lithium exploration district known to host lithium-bearing pegmatites. Anchor is 100%-owned by ALX with no applicable royalties and the newly-staked claims are in good standing until September 2024.

Highlights of ALX's Anchor Lithium Project

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Orefinders Acquires 100% Interest in the GSL Zinc Project

Orefinders Acquires 100% Interest in the GSL Zinc Project

TORONTO , Oct. 4, 2022 /CNW/ - Orefinders Resources Inc. ("Orefinders" or the "Company") (CSE: MIS) is pleased to announce that it has acquired 100% interest in the GSL Zinc Project ("GSL" or the "Project") through staking. GSL is a 60,000-hectare property in Northwest Alberta , along the Great Slave Lake Shear Zone in Western Canada Sedimentary. GSL has excellent access and infrastructure as it sits along the McKenzie highway and has a railroad crossing the claims.

GSL represents a grassroots generative opportunity from Orefinders that is based on data that is publically available data. GSL is within the Great Slave Lake Shear Zone in Western Canada's Sedimentary Basin, which hosts the Pine Point zinc camp 330 kilometres northeast. The area of GSL is covered by glacial till ranging from 15-50 metres in depth, with few outcrops, and our exploration thesis has never been effectively tested.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Black Tusk Resources Inc. Receives Permit to Drill VMS Targets on the MoGold and PG Highway Projects, Quebec

Black Tusk Resources Inc. Receives Permit to Drill VMS Targets on the MoGold and PG Highway Projects, Quebec

Black Tusk Resources Inc. ("Black Tusk" or the "Company) (CSE:TUSK) is pleased to announce that the company has received the necessary permits to drill on their PG Highway and MoGold projects located north of Val d'Or, Quebec

As previously released, TMC Geophysique recently completed deep-penetrating Pulse-EM -Time Domain Electromagnetic (TDEM) surveying to cover zones targeted through geologic assessment and rock sampling. On the PG Highway property the TMC Geophysical report concludes that the newly acquired surface TDEM data identified of a group of strong conductive anomalies in places coincident with areas of rock exposures that contained significant percentages of pyrite and pyrrhotite. The geology along the trend is interpreted to have potential for Volcanogenic Massive Sulphide (VMS) mineralization (see News Release dated 2022-08-07). The zone of interest also displays magnetic features derived from Black Tusk 2021 surveys. The geophysical survey results combined with the geology and rock sampling provide compelling targets for further exploration.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×