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JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Units For $1,800,000
Thenewswireยท 2025-07-22 23:05
Group 1 - The company JZR Gold Inc. has completed a non-brokered private placement of units at a price of $0.30 per unit, raising aggregate gross proceeds of CAD$1,800,000 by issuing 6,000,000 units, an increase from the initially planned CAD$1,500,000 due to investor interest [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.40 for two years, subject to an acceleration provision if the share price exceeds $0.75 for 10 consecutive trading days [2][4] - The net proceeds from the offering will be used to fund operations of a fully constructed 800 tonne-per-day gravimetric mill and future exploration work on the Vila Nova Gold project in Brazil [4] Group 2 - The securities issued are subject to a hold period of four months and one day from the closing date [3] - The mill is reported to be fully operational, with minor improvements being completed to enhance operational efficiency [4]