RJK ANNOUNCES PRIVATE PLACEMENT FINANCING
07 12월 2010 - 4:58AM
PR Newswire (Canada)
TORONTO, Dec. 6 /CNW/ -- TORONTO, Dec. 6 /CNW/ - RJK Explorations
Ltd. (TSX Venture: RJX.A) ("RJK" or the "Company") is pleased to
announce a non-brokered private placement of up to 8,571,428 units
of securities (each, a "Unit") at a price of $0.07 per Unit for
aggregate gross proceeds of up to approximately $600,000. Each Unit
will be comprised of one Class A subordinate voting share of the
Company (each, a "Share") and one warrant. Each warrant will
entitle the holder to purchase one Share at a price of $0.15 for a
24-month period, subject to acceleration of the expiry date upon
twenty days' notice by RJK in certain circumstances. The proceeds
raised from the issuance of the Units are expected to be used to
fund exploration work on the Company's mineral properties and for
general corporate purposes. Forward-Looking Information This news
release contains forward-looking information which is not comprised
of historical facts. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the potential gross proceeds to be
raised in connection with the offering and the Company's
anticipated use of proceeds from the offering. Factors that could
cause actual results to differ materially from such forward-looking
information include, but are not limited to, failure to obtain TSX
Venture Exchange approval of the offering, general business and
economic uncertainties, future mineral prices and adverse market
conditions, as well as those risks set out in the Company's public
documents filed on SEDAR. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
information (such assumptions including that that the offering will
be completed) in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur. The Company disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by law. 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 RELEASE. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/06/c2911.html
table border="0"trtd valign="top" align="left"Glenn Kasner,
Presidentbr/ Telephone: (705) 567-5351br/ Mobile: (705) 568-7567br/
a href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a/td tdbr/
br//td tdbr/ br//td td valign="top" align="left"Vancouver
Office:br/ br//td td valign="top" align="left"James Hitchiebr/
Telephone: (604) 565-5967br/ a
href="mailto:james@rjkexplorations.com"james@rjkexplorations.com/abr//td/tr/table
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RJK Explorations (TSXV:RJX.A)
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