RJK ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT FINANCING RAISING $350,000
16 12월 2010 - 6:23AM
PR Newswire (Canada)
TORONTO, Dec. 15 /CNW/ -- TORONTO, Dec. 15 /CNW/ - RJK Explorations
Ltd. (TSX Venture: RJX.A) ("RJK" or the "Company") is pleased to
announce the closing of the first tranche (the "First Tranche") of
its previously announced non-brokered private placement of up to
8,571,428 units of securities (each, a "Unit") at a price of $0.07
per Unit (see the Company's news release dated December 6, 2010)
(the "Offering"). 5,000,000 Units were sold under the First
Tranche, raising gross proceeds of $350,000. Each Unit consists of
one Class A subordinate voting share of the Company (each, a
"Share") and one warrant. Each warrant entitles 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. It is anticipated that a second
closing of the Offering (the "Second Closing") will take place on
or before December 31, 2010. 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. The securities issued under the First Tranche are subject
to a hold period expiring on April 16, 2011. 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 completion
of the Second Closing and the timing related thereto 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 final 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 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/December2010/15/c5605.html
table valign="top" border="0"trtdGlenn Kasner, President/td
tdVancouver Office: Jamesbr//td/tr trtdTelephone: (705) 567-5351/td
tdTelephone: (604) 565-5967br//td/tr trtdMobile: (705) 568-7567/td
tda
href="mailto:james@rjkexplorations.com"james@rjkexplorations.com/abr//td/tr
trtda
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a/td/tr/table
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