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JZR Gold Announces Non-Brokered Private Placement Offering
Vancouver, British Columbia — July 12, 2025 — NewsWall — JZR Gold Inc. intends to undertake a non-brokered private placement offering of up to 5,000,000 units at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.
Each Unit will comprise one common share and one share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.40 per Warrant Share for two years after the closing. The Warrants will be subject to an acceleration clause if the trading price of the Company’s common shares is equal to or greater than $0.75 for 10 consecutive trading days.
The Units will be offered pursuant to available prospectus exemptions. The Offering may close in one or more tranches. Closing is expected on or about July 21, 2025, subject to regulatory approvals.
The Company intends to use the net proceeds to fund operations of its gravimetric mill, future exploration work on the Vila Nova Gold project in Amapa State, Brazil, and for general working capital. ECO Mining Oil & Gaz Drilling and Exploration Ltda. has advised JZR that the Mill is fully operational, with minor improvements underway.
Robert Klenk, Chief Executive Officer, rob@jazzresources.ca
Source: JZR Gold Inc.