VANCOUVER, British Columbia – JZR Gold Inc. () (OTCPK:JZRIF) completed a non-brokered private placement raising C$1,000,000 through the issuance of 4,000,000 units at $0.25 per unit, according to a press release statement. The financing comes as the stock trades at $0.17, down nearly 50% year-to-date, with shares currently hovering near their 52-week low of $0.15.
Each unit consists of one common share and one warrant. The warrants are exercisable at $0.35 per share for two years from the date of issuance.
The company paid cash finder’s fees of $6,000 and issued 24,000 non-transferable finder warrants on the same terms as the warrants issued in the offering. The securities are subject to a hold period of four months and one day from closing.
The offering was initially announced on June 22, 2026.
JZR Gold stated it intends to use the proceeds to fund operations of its 800 tonne-per-day gravimetric mill and for general working capital purposes. According to InvestingPro analysis, the stock appears undervalued at current levels based on Fair Value metrics. The platform notes the company has taken a significant hit over the last six months, among several other key insights available to subscribers.
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