JZR Gold Inc. announced a non-brokered private placement of up to 3,000,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 600,000 on October 2, 2023. Each Unit will be comprised of 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 CAD 0.40 per Warrant Share for a period of two 2 years after the closing of the offering.

The company intends to pay registered persons a finder?s fee comprised of 6% of the gross proceeds of the offering, in cash, and such number of non-transferable finder?s warrants which equals 6% of the number of units. It is expected that certain Insiders of the Company may participate in the offering. The offering may close in one or more tranches, as subscriptions are received.

The Securities will be subject to a hold period of four months and one day from the date of issuance. The transaction is expected to close on October 20, 2023, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.