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JZR Gold Inc. Launches $1.5 Million Private Placement to Boost Operations

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JZR Gold Inc. Launches $1.5 Million Private Placement to Boost Operations

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Jazz Resources ( (TSE:JZR) ) has provided an announcement.

JZR Gold Inc. has announced a non-brokered private placement offering to raise up to $1.5 million through the issuance of 5,000,000 units, each comprising a common share and a share purchase warrant. The proceeds will be used to fund operations of an 800 tonne-per-day gravimetric mill and future exploration work on the Vila Nova Gold project. The offering is subject to regulatory approvals and is expected to close around July 21, 2025. This move is aimed at enhancing the company’s operational efficiency and supporting its exploration activities.

More about Jazz Resources

JZR Gold Inc. operates in the mineral exploration industry, focusing on gold projects. The company is involved in the development and operation of gold mining projects, with a particular emphasis on the Vila Nova Gold project in Amapa State, Brazil.

Average Trading Volume: 43,895

Technical Sentiment Signal: Hold

Current Market Cap: C$15.89M

Learn more about JZR stock on TipRanks’ Stock Analysis page.

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