RJK ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND RAISING OF APPROXIMATELY $363,560 IN GROSS PROCEEDS
14 5월 2011 - 2:27AM
PR Newswire (Canada)
TORONTO, May 13 /CNW/ -- TORONTO, May 13 /CNW/ - RJK Explorations
Ltd. (TSX Venture: RJX.A) (the "Company") is pleased to announce
that it has closed a non-brokered private placement (the
"Offering"). Pursuant to the Offering, 2,019,777 "flow-through"
units (each, a "Unit") were sold at a price of $0.18 per Unit,
raising gross proceeds of approximately $363,560. Each Unit
consists of one Class A subordinate voting share of the Company
(each, a "Share") and one-half of one warrant (each whole warrant,
a "Warrant"), with each Warrant entitling the holder to purchase
one Share at a price of $0.30 for a 12-month period. The Shares
(other than Shares issuable on exercise of the Warrants) and
Warrants issued pursuant to the private placement were issued on a
"flow-through" basis. The Company has also issued 156,026 finder
units (each, a "Finder Unit") in connection with certain
subscriptions under the Offering. Each Finder Unit consists of one
Share and one-half of one non-transferable warrant (each, a "Finder
Warrant"), with each Finder Warrant entitling the holder to
purchase one Share at a price of $0.30 for a 12-month period. The
securities issued under the Offering are subject to a hold period
expiring on September 14, 2011. The proceeds raised from the
issuance of the Units are expected to be used to fund exploration
work on the Company's mineral properties. 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 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 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/May2011/13/c4463.html p
Glenn Kasner, Presidentbr/ Telephone: (705) 567-5351br/ Mobile:
(705) 568-7567br/ a
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a /p
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