On April 27, 2023, JZR Gold Inc. closed the transaction. The company announced that it has issued 875,000 units at a price of CAD 0.60 for the gross proceeds of CAD 525,000 in the transaction. Each Unit is comprised of one common share and one share purchase warrant. Each warrant shall entitle the holder to acquire one additional common share at a price of CAD 0.90 per warrant share for a period of 18 months after the date of issuance. The offering is subject to approval of the TSX Venture Exchange. The securities will be subject to a hold period of four months and one day from the date of issuance. Insiders of the company subscribed for a total of 500,000 units under the offering.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction will include participation from four placees and 2 existing insiders for 541,667 units.