Jazz Resources ( (TSE:JZR) ) just unveiled an update.
JZR Gold Inc. has announced advancements at the Vila Nova gold project in Brazil, where the operator, ECO Mining Oil & Gaz Drilling Exploration EIRELI, has completed the assembly of an 800 tonne-per-day gravimetric mill. The mill is currently undergoing testing, with operations expected to commence shortly. In a bid to raise capital, JZR Gold Inc. is initiating a non-brokered private placement offering of up to 2,400,000 units, aiming to generate $600,000 in gross proceeds. This financial strategy includes issuing warrants and offering finder’s fees, with participation from insiders potentially constituting a ‘related party transaction.’
More about Jazz Resources
JZR Gold Inc. operates within the mining industry, primarily focusing on the exploration and development of gold projects. The company holds a 50% net profit interest in the Vila Nova gold project located in the state of Amapa, Brazil, highlighting its strategic involvement in joint ventures for resource development.
YTD Price Performance: 2.17%
Average Trading Volume: 26,912
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$12.72M
For detailed information about JZR stock, go to TipRanks’ Stock Analysis page.