Jazz Arranges $123,000 Private Placement
JAZZ RESOURCES INC.
Unit 5 — 2330 Tyner Street
Port Coquitlam, BC V3C 2Z1
Telephone: 604-970-6402 Fax: 604-944-6102
Email: [email protected]
www.JazzResources.ca TSX Venture Exchange: JZR
January 25, 2017
NEWS RELEASE - FOR IMMEDIATE RELEASE
JAZZ ARRANGES $123,000 PRIVATE PLACEMENT
Jazz Resources Inc. (TSX:JZR) ("Jazz" or the "Company") is pleased to announce that it has
closed its non-brokered private placement of 1,537,500 units of Jazz at a price of $0.08 per
common share for aggregate gross proceeds of $123,000. Each Unit will be comprised of one
common share and one share purchase warrant("Warrant"). Each Warrant will entitle the
holder to purchase one additional common
share at the price of $0.12 for a period of 18 months after Closing.
The proceeds will be used to prepare the Camborne mill for production and develop a new
tailings facility at the Camborne site. In addition the funds will be used for general working
capital and improvements to the private land of the Company in the town site of Camborne,
B.C..
All shares issued pursuant to the offering, and any shares issued pursuant to the exercise of
warrants will be subject to a four-month hold period from the closing date of the offering.
J. T. Shearer, M.Sc., P.Geo. (BC & Ontario) President/CEO, is the Qualified Person as defined by
NI 43-101 who supervised the preparation of the technical material in this release.
On behalf of the Board of Directors,
“Jo Shearer”
Jo Shearer,
President/CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This press release contains forward-looking statements. All statements, other than statements of
historical fact, constitute “forward-looking statements" and include any information that addresses
activities, events or developments that the Company believes, expects or anticipates will or may occur in
the future including the Company's strategy, plans or future financial or operating performance and
other statements that express management's expectations or estimates of future performance.
All such forward-looking information and statements are based on certain assumptions and analyses
made by the Company's management in light of their experience and perception of historical trends,
current conditions and expected future developments, as well as other factors management believes are
appropriate in the circumstances. These statements, however, are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed, implied by or projected in
the forward-looking information or statements. Important factors that could cause actual results to
differ from these forward-looking statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects, the actual results of current
exploration activities, conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to
risk factors of the Company set out in certain of the Company's disclosure documents filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
the reader should not place any undue reliance on forward-looking information or statements. Except as
required by law, the Company does not intend to revise or update these forward-looking statements
after the date of this document or to revise them to reflect the occurrence of future unanticipated events.