JAZZ RESOURCES INC.
1846 – West 14th Avenue
Vancouver, BC V6J 2J9
Telephone: (604) 733-4830 Facsimile: (604) 736-8584
Email: glen-2@telus.net TSX Venture Exchange symbol: JZR
NEWS RELEASE - FOR IMMEDIATE RELEASE
JAZZ ANNOUNCES LISTING ON TSX VENTURE EXCHANGE
AND CLOSING OF PUBLIC OFFERING
January 28, 2008
Jazz Resources Inc. (“Jazz”) is pleased to announce that it has successfully
completed its public offering (the “Offering”) of 2,323,200 shares at a price of
$0.45 per share for total gross proceeds of $1,045,440. Global Securities
Corporation (the “Agent”) acted as agent for the Offering pursuant to the
terms of an Amended and Restated Agency Offering Agreement dated
November 6, 2007. The Agent, and a syndicate of sub-agents, received in total
a cash commission of 10% of the offering price per share
sold and agent's warrants equal to 10% of the shares sold. Each Agent’s
warrant entitles the holder to purchase an additional share at a price of
$0.45 per share until July 25, 2009. Jazz’s common shares will commence
trading on the TSX Venture Exchange on Tuesday, January 29,
2008 under the symbol “JZR. As of the completion of the Offering, the
Company has a total of 14,003,605 shares issued and outstanding.
Jazz is a junior mining resource exploration company focused on acquiring
mineral properties and exploring for and developing economically viable
mineral resources. All of Jazz’s mineral properties are located in
British Columbia.
For more information, please refer to the Company’s Amended and Restated
prospectus dated November 8, 2007 available on SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
Bryan Glen
President
For further information please contact:
Jazz Resources Inc.
Bryan Glen, President
Telephone: (604) 733-4830
Facsimile: (604) 736-8584
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release