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Financings

James Bay closes $75,000 first tranche of financing

By The Northwire Desk — AI Analysis Nov 19, 2025 · 00:18 JBR · 0.01 James Bay Resources Ltd
JBR · Price

Executive Summary

  • James Bay Resources Ltd. announced the closing of the first tranche of a non-brokered private placement of common shares.
  • The company received $75,000 in gross proceeds from the issuance of 3.75 million common shares.
  • Net proceeds are designated for working capital financing.

Key Details

  • Transaction Structure: Non-brokered private placement of common shares.
  • Total Offering Size: Up to $350,000 in aggregate principal amount.
  • First Tranche Proceeds: $75,000 received.
  • Shares Issued (First Tranche): 3.75 million common shares.
  • Use of Proceeds: To finance working capital.
  • Restrictions: Common shares issued in the first tranche are subject to a four-month-plus-one-day regulatory hold period commencing from the date of closing.
  • Pre-Issuance Share Count: 81,076,241 shares outstanding prior to the issuance.

Notable Quotes

  • None provided in the text.
Read the original news release →

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