New Risk • Nov 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$38.0m market cap, or US$27.2m). Announcement • Nov 17
JZR Gold Inc., Annual General Meeting, Dec 31, 2025 JZR Gold Inc., Annual General Meeting, Dec 31, 2025. New Risk • Aug 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$21.3m market cap, or US$15.5m). New Risk • Jul 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Market cap is less than US$100m (CA$23.2m market cap, or US$16.8m). Announcement • Jul 23
JZR Gold Inc. announced that it has received CAD 1.8 million in funding On July 22, 2025, JZR Gold Inc. closed the transaction. The company announced that it has issued 6,000,000 units at an issue price of CAD 0.30 per unit for gross proceeds of CAD 1,800,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one additional share at a price of CAD 0.40 per warrant share for a period of two years from the date of issuance, subject to acceleration. The units, shares, warrants and warrant shares are collectively referred to as the securities. The securities are subject to a hold period of four months and one day from the date of closing. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$18.2m market cap, or US$13.2m). New Risk • Apr 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$17.0m market cap, or US$12.2m). Announcement • Mar 05
JZR Gold Inc. announced that it has received CAD 0.634 million in funding On March 4, 2025, JZR Gold Inc. closed the transaction. The company announced that it has issued 2,536,000 units at an issue price of CAD 0.25 per unit for aggregate gross proceeds of CAD 634,000. The company also wishes to announce that, due to investor interest, the offering was increased from CAD 600,000 to CAD 634,000. . 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 0.35 per Warrant Share for a period of 3 years after the closing of the Offering. One insider of the company subscribed for 200,000 units under the offering. Announcement • Jan 28
JZR Gold Inc. announced that it expects to receive CAD 0.6 million in funding JZR Gold Inc. announced a non-brokered private placement that it will issue up to 2,400,000 units at a price of CAD 0.25 per unit for the gross proceeds of up to CAD 600,000 on January 27, 2025. 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 $0.35 per Warrant Share for a period of 3 years after the closing of the Offering. The Warrants will be subject to an acceleration provision whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than CAD 0.75 for a period of 10 consecutive trading dates, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. 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. Closing of the Offering, which is expected to occur on or about February 7, 2025, 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. Announcement • Oct 29
JZR Gold Inc., Annual General Meeting, Dec 20, 2024 JZR Gold Inc., Annual General Meeting, Dec 20, 2024. Announcement • Oct 25
JZR Gold Inc. announced that it has received CAD 0.974125 million in funding On October 24, 2024 JZR Gold Inc. closed the transaction and issued 6,494,167 Units at an price of CAD 0.15 for gross proceeds of CAD 974,125.05. The Company paid cash finder’s fees of CAD 16,749 and issued 111,660 non-transferable warrants to certain registered persons who acted as finders in connection with the Offering. The Securities are subject to a hold period of four months and one day from the date of issuance. One insider of the Company subscribed for a total of 270,000 Units under the Offering. Announcement • Sep 11
JZR Gold Inc. announced that it has received CAD 1.98 million in funding On September 10, 2024, JZR Gold Inc. closed the transaction. The company amended and has issued total gross proceeds of CAD 1,980,000. The company has issued 480 debentures at principal amount of CAD 1,000 for gross proceeds CAD 480,000. In connection with the second tranche of the Offering, the Company paid cash finder’s fees of CAD 14,700 and issued 73,500 non-transferable broker warrants being 6% of the gross proceeds raised from persons introduced by the finder. The broker warrants have an exercise price of CAD 0.20 with an expiry date of three (3) years from the date of issuance. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Ron Tewitz was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 21
JZR Gold Inc. announced that it expects to receive CAD 1.5 million in funding JZR Gold Inc. announced a non-brokered private placement of 1,500 convertible debentures at a price of CAD 1,000 per debenture for the gross proceeds of up to CAD 1,500,000 on June 21, 2024. The principal sum of each debenture will be CAD 1,000. The debentures will bear interest at a simple rate of ten percent per annum and will mature on the date that is one year from the date of issuance. The principal amount of the debentures may, at the election of the holders and at any time prior to the Maturity Date, be converted into units of the company at a conversion price of CAD 0.20 per conversion unit. Each conversion unit shall be comprised of one common share in the capital of the company and one share purchase warrants. Each conversion warrant shall entitle the holder to acquire one conversion share at a price of CAD 0.25 per conversion share for a period of twenty-four months from the date of issuance. The Offering is subject to certain conditions including, but not limited to, receipt of TSX Venture Exchange approval. The debentures, and any conversion shares issuable upon the conversion thereof, will be subject to a statutory hold period of four months and one day from the date of issuance. Closing of the Offering is expected to occur on or about July 20, 2024. In connection with the Offering, the company may pay a finder’s fee, in cash, to registered persons in an amount equal to 6% of the gross proceeds raised from persons introduced by the finder. Certain Insiders of the company may participate in the Offering. New Risk • Apr 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.53m market cap, or US$6.93m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Recent Insider Transactions • Apr 17
COO & Director recently bought CA$75k worth of stock On the 11th of April, Graham Carter bought around 500k shares on-market at roughly CA$0.15 per share. This transaction increased Graham's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Graham's only on-market trade for the last 12 months. Announcement • Apr 17
JZR Gold Inc. announced that it has received CAD 0.8044 million in funding 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. New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.7m free cash flow). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.07m market cap, or US$3.74m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding). Announcement • Dec 19
JZR Gold Inc. announced that it expects to receive CAD 1 million in funding JZR Gold Inc. announced a non-brokered private placement to issue 5,000,000 units at a price of CAD 0.20 per Unit, to raise aggregate gross proceeds of up to CAD 1,000,000 on December 18, 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 at an exercise price of CAD 0.30 per Warrant Share for a period of 9 months after the closing of the Offering. 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. Closing of the Offering, which is expected to occur on or about December 22, 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. Announcement • Dec 13
JZR Gold Inc. Appoints Graham Carter to the Board of Directors and as Chief Operating Officer JZR Gold Inc. announce that it has appointed Graham Carter to the board of directors. Mr. Carter has also been appointed as the Chief Operating Officer ("COO") of the Company. Graham Carter has over 20 years of progressive technical and management experience in the oil and gas industry. Throughout his career he has worked in various roles including Business Development, Joint Venture, project management and progressively senior management positions with major oil and gas companies in Calgary, Alberta. With a background in engineering (P. Eng, University of Calgary), Graham has extensive experience in project planning, client/customer relationships and project management, managing small to large projects ($50,000,000). New Risk • Oct 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.2m market cap, or US$7.35m). Announcement • Oct 31
JZR Gold Inc. announced that it has received CAD 0.8 million in funding JZR Gold Inc closed the private placement on October 30, 2023.The Company paid cash finder’s fees totaling CAD 7,200 and issued 36,000 non-transferable warrants (the “Finder’s Warrants”) to certain registered persons who acted as finders. Announcement • Oct 24
JZR Gold Inc. announced that it has received CAD 0.8 million in funding On October 23, 2023, JZR Gold Inc. closed the transaction. The company issued 4,000,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 800,000. The transaction was oversubscribed. All of the securities will be subject to a hold period of four months and one day from the date of issuance. Closing of the Offering 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 TSX Venture Exchange. Each Unit consists of one common share and one share purchase warrant, which entitles the holder thereof to purchase one additional common share at a price of CAD 0.40 per Warrant Share for a period of two years after the closing of the Offering. Announcement • Oct 07
JZR Gold Inc., Annual General Meeting, Dec 08, 2023 JZR Gold Inc., Annual General Meeting, Dec 08, 2023. New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 65% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.97m market cap, or US$7.27m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$965k free cash flow). Earnings have declined by 65% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (CA$14.9m market cap, or US$11.0m). Announcement • Dec 14
JZR Gold Inc. announced that it has received CAD 1.3 million in funding On December 14, 2022, JZR Gold Inc. closed the transaction. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 16 placees including aggregate existing insider involvement two placees for 115,384, pro group involvement of one group. Announcement • Dec 07
JZR Gold Commences Bulk Sampling on the Vila Nova Gold Project in Amapa State, Brazil JZR Gold Inc. announced that it has been advised by ECO Mining Oil & Gaz Drilling and Exploration EIRELI (ECO), its joint venture royalty agreement counterparty and the operator of the Vila Nova Gold Project located in Amapa State, Brazil (the "Project" or the "Property") that the 800 tonne-per-day bulk sampling gravimetric mill (the "Mill") located on the Property is now operating and processing material on the Property. The Mill was manufactured in Brazil by Brastorno, a respected manufacturer of specialized mining equipment and assembled by ECO under Brastorno's supervision. The Company has also been advised that ECO has received all applicable permits from the regulatory authorities in Brazil with respect to operating the Mill to process tailings and bedrock on the Property. The Mill has the capacity to process 800 tonnes of tailings and bedrock per day. The Property has a long history of alluvial mining in the deeply saprolitized bedrock consisting of banded gold-bearing iron formations and exhalative gold zones. Some hard rock was also produced. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Kirk Fisher was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 15
Jazz Resources Inc., Annual General Meeting, Dec 16, 2022 Jazz Resources Inc., Annual General Meeting, Dec 16, 2022. Announcement • Oct 14
Jazz Resources Inc. Announces Fully Permitted Vila Nova Gold Project Bulk Sampling Mill Commences Testing Jazz Resources Inc. announced that it has been advised by ECO Mining Oil & Gaz Drilling and Exploration EIRELI (ECO), its joint venture royalty agreement counterparty and the operator of the Vila Nova Gold Project located in Amapa State, Brazil (the Vila Nova Project) that it has completed the 800 tonne per day bulk sampling gravimetric mill (the Mill) located at the Vila Nova Project, and that testing of the Mill has commenced. The Mill was designed, manufactured and assembled by Brastorno Tecnologia em Equipamentos Para Mineracao (Brastorno), a Brazilian manufacturer of mineral exploration and mining equipment. The Company has also been advised that the Mill, and the tailings management facility located on the Vila Nova Project, have received final environmental approvals and all requisite permits from the applicable regulatory authorities in Brazil. ECO has commenced testing of the Mill and it is anticipated that bulk sampling will commence following satisfactory completion thereof. The Company anticipates that the Mill will process 800 tonnes of tailings and bedrock per day once it is brought up to full production, which is anticipated to occur within 30 days from the date hereof. Recent Insider Transactions Derivative • Sep 21
Chief Financial Officer exercised options to buy CA$126k worth of stock. On the 12th of September, Darren Battersby exercised options to buy 200k shares at a strike price of around CA$0.35, costing a total of CA$70k. This transaction amounted to 1,333% of their direct individual holding at the time of the trade. Since December 2021, Darren has owned 15.00k shares directly. Company insiders have collectively bought CA$113k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Sep 08
Jazz Resources Inc. announced that it expects to receive CAD 1.3 million in funding Jazz Resources Inc. announced a non-brokered private placement of up to 2,000,000 units at an issue price of CAD0.65 per unit for gross proceeds up to CAD 1,300,000 on September 7, 2022. Each unit consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.80 per warrant share for a period of 12 months after the closing whereby the expiry date of the Warrants may be accelerated in the event the daily trading price of the Shares equals or exceeds CAD 1.20 on the Exchange for 15 consecutive trading days. Upon such an event, the Company may accelerate the expiry date of the Warrants by giving notice via news release to the holders thereof and, in such case, the Warrants will expire on the 30th day after the date on which the news release is disseminated by the Company.
The Company may pay a finder’s fee to certain registered brokerage firms, which fees would be comprised of a cash payment equal to 6% of the subscription funds received by the Company from subscribers introduced by such brokers and the issuance of non-transferable compensation warrants equal to 6% of the number of Units purchased by subscribers introduced by such brokers. Closing of the transaction is expected to occur on or about September 23, 2022 and is subject to the Company receiving all necessary approvals, including acceptance by the Exchange. All securities to be issued under the transaction will be subject to a hold period of four months and one day from the date of closing. Announcement • Aug 12
Jazz Resources Inc. announced that it expects to receive CAD 1 million in funding Jazz Resources Inc. announced a non-brokered private placement of convertible debentures to raise gross proceeds of up to CAD 1,000,000. The principal sum of each debenture will be CAD 1,000 and will bear interest at a simple rate of 8% per annum and will mature on the date that is two years from the date of issuance. For the first year, interest will be paid in arrears in cash to the holders on the earlier of the conversion date or the date of the first anniversary of the debentures. For the second year interest will be paid in arrears in cash on the earlier of the conversion date and the maturity date for interest accrued during the second year. The debentures are convertible into common shares at a price of CAD 0.85 per share. Closing of the transaction is expected to occur in one or more tranches, with the first tranche expected to close on or about August 24, 2022. Insiders of the company may participate. The company may pay participating registered dealers finder’s fees comprised of cash or securities of the company, or a combination thereof, as permitted by the TSX Venture Exchange. The transaction is subject to certain conditions including, but not limited to, receipt of exchange approval. The debentures, and any conversion shares issuable upon the conversion thereof, will be subject to a statutory hold period of four months and one day from the date of issuance Announcement • May 27
Jazz Resources Inc. announced that it has received CAD 1.7 million in funding On May 26, 2022, Jazz Resources Inc. closed the transaction. The company has issued 1,264,750 units for gross proceeds of CAD 1,011,800 in its final tranche. The company has issued 2,125,000 units for total gross proceeds of CAD 1,700,000. The company has paid finders' fee of CAD 49,500 and issued an aggregate of 61,875 non-transferable compensation warrants in the final tranche. Announcement • May 08
Jazz Resources Inc. announced that it expects to receive CAD 1 million in funding Jazz Resources Inc. announced a non-brokered private placement of 1,250,000 units at a price of CAD 0.80 per unit for gross proceeds of CAD 1,000,000 on May 6, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of CAD 1.20 per warrant share for a period of 12 months after the closing of the transaction. The company may pay a finder’s fee to certain registered brokerage firms, which fees would be comprised of a cash payment equal to 6% of the subscription funds received by the company from subscribers introduced by such brokers and the issuance of non-transferable compensation warrants equal to 6% of the number of units purchased by subscribers introduced by such brokers. Any compensation warrants will be issued on substantially the same terms and conditions as the warrants. All securities issued will be subject to a hold period of four months and one day from the closing date of the transaction. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Kirk Fisher was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 05
Jazz Resources Inc. announced that it has received CAD 2.65 million in funding On June 4, 2021, Jazz Resources Inc. (TSXV:JZR) closed the transaction. The company received CAD 1,350,000 in its second and final tranche. Announcement • Apr 18
Jazz Resources Inc. announced that it expects to receive CAD 2.5 million in funding Jazz Resources Inc. (TSXV:JZR) announced a non-brokered private placement offering of unsecured convertible debentures for aggregate gross proceeds of up to CAD 2,500,000 on April 16, 2021. The debentures issued will have a maturity date of two years from the date of issuance and shall bear interest at a rate of 8% per annum, payable and compounded annually. The principal sum of the debentures or any portion thereof, may be converted by the holder into units, at a conversion price of CAD 0.30 per unit. Each unit consist of one common share and one share purchase warrant. Each whole Warrant shall entitle the holder to acquire one additional common share at an issue price of CAD 0.30 for period of eighteen months from the date that the warrants are issued, subject to acceleration provision which states that if company’s common shares trade at or above CAD 0.90, the expiry date of the warrants will be accelerated to 30 days from the date that the company provides notice that the acceleration condition has been satisfied. The company has a right to redeem up to 50% of the outstanding principal sum of debentures. The company may pay the finder's fees in the transaction. The securities issued are subjected to hold period of four months and one day after the date of issuance thereof. The transaction is subjected to customary closing conditions, including the approval of the Exchange, and there is no assurance that the Company will complete the transaction upon the terms set out above. Announcement • Mar 04
Jazz Resources Inc. Provides Update on Exploration Activity At Vila Nova, Brazil Jazz Resources Inc. announced that it has advanced an aggregate of USD 1,000,000 to Eco Mining Oil and Gaz Drilling and Exploration (EIRELI) in connection with the Company's acquisition form Coltan Gold Minerals Inc. (" Coltan") of its interest in a joint venture royalty agreement (the "JVRA") between Coltan and Eco dated July 6, 2020, as amended, with respect to the Vila Nova Gold Project in Amapa, Brazil. Eco has engaged GE21, and independent mineral consulting firm, to undertake an exploration program in accordance with the Company's technical report dated September 22, 2020. The Company announce that GE21 has commenced core drilling and sampling and trenching of tailings, and those activities continue on track. The Company has been advised that, to date, 1400m of diamond drilling has been completed. Core has been split, bagged and submitted for assaying to SGS Labs in Belo Horizonte. An updated report on the Vila Nova Project is forthcoming, when available. Announcement • Feb 24
Jazz Resources Inc. announced that it has received CAD 0.93425 million in funding On February 22, 2021, Jazz Resources Inc. (TSXV:JZR) closed the transaction. The company issued 3,737,000 units for gross proceeds of CAD 934,250. The company paid a finders' fee of CAD 17,340 in cash and an aggregate issuance of 169,360 compensation warrants. Announcement • Jan 22
Jazz Resources Inc. (TSXV:JZR) completed the acquisition of certain mineral assets in NE Brazil of Coltan Gold Mining Inc. Jazz Resources Inc. (TSXV:JZR) entered into an agreement to acquire certain mineral assets in NE Brazil of Coltan Gold Mining Inc. for CAD 1.8 million on July 31, 2020. The purchase price requires Jazz Resources to issue 2 million common shares of Jazz Resources and issue a 2 year convertible loan of CAD 1.3 million at 4% interest. The loan will convertible into common shares of Jazz Resources at CAD 0.40 at Coltan Gold Mining’s option. Jazz Resources Inc. (TSXV:JZR) funded the transaction through a sidecar private placement of CAD 2 million. Under the sidecar financing, that amount equal to CAD 0.65 million shall be raised by subscription receipts and the funds raised shall be loaned to Coltan Gold Mining on an unsecured basis. The proceeds from offerings will be use to fund the acquisition of Certain Mineral Assets in NE Brazil of Coltan Gold Mining Inc. There shall be no change of management in connection with the foregoing transactions. Transaction is subject to TSX Venture Exchange approval.
Jazz Resources Inc. (TSXV:JZR) completed the acquisition of certain mineral assets in NE Brazil of Coltan Gold Mining Inc. on January 20, 2021. Announcement • Jan 12
Jazz Resources Inc. announced that it expects to receive CAD 0.6 million in funding Jazz Resources Inc. (TSXV:JZR) announced a non-brokered private placement of 2,400,000 units at an issue price of CAD 0.25 per unit for gross proceeds of CAD 600,000 on January 11, 2021. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.35 per warrant share at any time up to 18 months following the closing date subject to an acceleration clause whereby, in the event the volume weighted average trading price of the common shares on the TSX Venture Exchange, or any other stock exchange on which its common shares are then listed, is equal to or greater than CAD 0.60 for a period of 15 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving written notice to the holders of the warrants that the warrants will expire on the date that is not less than 30 days from the date notice is provided by the company to the warrant holders. As a part of transaction, the company may pay finder’s fees to certain registered brokerage firms, which fees would be a cash payment equal to 6% of the gross proceeds raised by purchasers introduced by such brokers, and the issuance of non-transferable compensation warrants equal to 6% of the number of units purchased by purchasers introduced by such brokers. All securities issued pursuant to the transaction and as payment of any finder’s fees will be subject to a hold period of four months and one day after the date of issuance. Subject to customary closing conditions, including the approval of the TSX Venture Exchange, the transaction is expected to close on or about January 20, 2021. Announcement • Dec 12
Jazz Resources Inc. Announces Executive Changes Jazz Resources Inc. announced that Ron Tewitz has been appointed to the Board of Directors. Mr. Tewitz was previously a director of the Company from May until December, 2019. The Company also announced that Mr. James Rogers has resigned from the board to pursue other interests. Mr. Rogers will continue to act as a consultant for the Company. Announcement • Aug 02
Jazz Resources Inc. (TSXV:JZR) entered into an agreement to acquire certain mineral assets in NE Brazil of Coltan Gold Mining Inc. for CAD 1.8 million. Jazz Resources Inc. (TSXV:JZR) entered into an agreement to acquire certain mineral assets in NE Brazil of Coltan Gold Mining Inc. for CAD 1.8 million on July 31, 2020. The purchase price requires Jazz Resources to
issue 2 million common shares of Jazz Resources and issue a 2 year convertible loan of CAD 1.3 million at 4% interest. The loan will convertible into common shares of Jazz Resources at CAD 0.40 at Coltan Gold Mining’s option. Transaction is subject to TSX Venture Exchange approval. Announcement • Jul 31
Jazz Resources Inc. announced that it expects to receive CAD 2 million in funding Jazz Resources Inc. (TSXV:JZR) announced a non brokered private placement of up to 10,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 2,000,000 on July 28, 2020. Each unit is comprised of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one additional common share at CAD 0.25 per share for a period of six months from the date of the issue. The company may pay a cash finder’s fee of up to 6% of the aggregate gross proceeds and 6% warrant to registered brokers or pay a cash finder’s fee to certain finders of up to 6% of the aggregate gross proceeds. The transaction is subject to TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month hold period from the date of issuance. 
