JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

Core Viewpoint - JZR Gold Inc. is initiating a non-brokered private placement offering to raise up to $1,500,000 through the sale of 5,000,000 units at a price of $0.30 per unit, which will consist of common shares and warrants [1][4] Group 1: Offering Details - The offering will consist of units priced at $0.30 each, with each unit comprising one common share and one share purchase warrant [1] - The total gross proceeds from the offering are expected to be up to $1,500,000 [1] - Each warrant will allow the holder to purchase an additional common share at an exercise price of $0.40 for two years after the offering closes [1] - The offering may close in multiple tranches and is subject to regulatory approvals [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund operations of an 800 tonne-per-day gravimetric mill and future exploration work on the Vila Nova Gold project in Brazil [4] - The mill is reported to be fully operational, with minor improvements being made to enhance efficiency [4] Group 3: Regulatory and Compliance - The offering will be conducted under available prospectus exemptions as per applicable securities laws [2] - The securities issued will be subject to a hold period of four months and one day from the date of issuance [3]