Jazz Resources Inc. (TSXV:JZR) announced a non-brokered private placement of up to 1,500,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 120,000 on January 3, 2017. Each unit consists of one common share and one share purchase warrant. Each warrant entitles its holder to acquire one common share at an exercise price of Cad 0.12 for a period of 18 months after closing. The transaction is subject to approval of TSX Venture Exchange. The securities will be subject to a hold period of four months.