Jazz Resources Inc. Announces Non-Brokered Private Placement
JAZZ RESOURCES INC.
PRESS RELEASE TSXV: JZR
FOR IMMEDIATE DISTRIBUTION July 28, 2020
JAZZ RESOURCES INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia, Canada – Jazz Resources Inc. (“JZR”) is pleased to announce that it intends
to raise gross proceeds of up to $2,000,000 through a non-brokered private placement financing of up to
10,000,000 units (“Units”) at a price of $0.20 per Unit. Each Unit is comprised of one common share of
JZR and one common share purchase warrant (“ JZR Warrant”), with each JZR Warrant entitling the
holder to purchase one additional common share at $0.25 per share for a period of six months from the date
of the issue. JZR intends to use the net proceeds to explore acquisition opportunities and for general working
capital.
Subject to TSX Venture Exchange approval, JZR may pay a cash finder’s fee of up to 6% of the aggregate
gross proceeds of the private placement 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 of the private placement.
All securities issued pursuant to the private placement will be subject to a four month hold period from the
date of issuance. Completion of the private placement is subject to TSX Venture Exchange approval.
Neither the 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 press
release.
None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended
(the “U.S. Securities Act”), or any state securities law, and may not be offered or sold in the United States
or to, or for the account or benefit of, persons in the United States or “U.S. persons” (as such term is
defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy in the United States nor shall there be any sale of the securities in any State in which such
offer, solicitation or sale would be unlawful.
For further information, please contact:
Robert Klenk
Chief Executive Officer
www.jazzresources.ca