JZR Gold Inc. Extends Financing Deadline

Jazz Resources (TSE:JZR) has released an update.

JZR Gold Inc. has announced an extension for closing its private placement offering of convertible debentures, aiming to raise up to $1.7 million, after initially closing the first tranche at $1.5 million. The deadline, extended by the TSX Venture Exchange, is now set for September 5, 2024. The proceeds from the offering will fund operations of their 800-tonne-per-day mill, future explorations at the Vila Nova Gold project in Brazil, pay off certain liabilities, and provide general working capital.

For further insights into TSE:JZR stock, check out TipRanks’ Stock Analysis page.