On April 16, 2024, JZR Gold Inc. closed the transaction. The company has now issued 5,362,666 units at a price of CAD 0.15 per unit for gross proceeds of CAD 804,399.90. Each Warrant entitles the holder to acquire one additional share at a price of CAD 0.25 per warrant share for a period of nine months from the date of issuance.

The company paid cash finder?s fees totaling CAD 1,800 and issued 12,000 and issued non-transferable warrants to certain registered persons who acted as finders. Other than being non-transferable, the finder?s warrants have the same terms as the warrants. Insiders subscribed for a total of 680,000 units under the Offering.