Management Change of Chief Financial Officer and closing of 1st Tranche of Financing
JAZZ RESOURCES INC.
Suite #2 1493 Phoenix Street
White Rock, BC, V4B 3L1
Management Change of Chief Financial Officer and closing of 1st Tranche of Financing
Vancouver, 20th June, 2019: Jazz Resources Inc. (“Jazz”, or the “Company” - JZR: TSX-V), the junior resource exploration and mining company focused on the Revelstoke mining district of British Columbia, Canada would like to announce the resignation of Kirk Fisher from the position of Interim Chief Financial Officer. Jazz would like to thank Kirk Fisher for his hard work and service during our search for a new Chief Financial Officer.
Jazz is also very pleased to announce that Darren Battersby has agreed to join Jazz Resources Inc. as Chief Financial Officer. Darren brings a wealth of knowledge and business experience from a very successful business career and will be extremely valuable in moving the Company forward.
Darren has held key roles in a number of growing and developing companies both in the public sector and in private enterprises. His experience is primarily within the financing, structuring and operating of start-up and growing companies, and spans across a variety of industries such as software development, bio-tech, entertainment and high tech. He has recently held the position of CFO of Network Media Group (NTE.V), ProSmart Enterprises (PROS.V) Rainmaker Entertainment (RNK.TO) and OneMove Technologies Inc. (OM.V). He also consults for a variety of privately owned companies within British Columbia. He qualified as a chartered professional accountant in 1997 and is a member in good standing with the BC Institute of Public Accountants.
In addition, Jazz is pleased to announce that it has closed the first tranche of a non-brokered private placement (the "Offering") of common and flow-through shares for gross proceeds of $75,000. All securities issued in connection with the first tranche of the Offering are subject to a statutory hold period expiring on October 21, 2019 in accordance with applicable securities legislation. Jazz has also been granted a 1 month extension on the final closing of the remainder of the financing until July 21, 2019.
The Offering is subject to Exchange final acceptance.
On behalf of the Board of Directors,
Rob Klenk
Chairman of the Board, CEO
Jazz Resources Inc.
For further information on this matter, please refer to the Company’s website: www.jazzresources.ca or contact Rob Klenk at [email protected]
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.