KIRKLAND LAKE,
ON, Aug. 27, 2013 /CNW/ - RJK
Explorations Ltd. (TSX Venture: RJX.A) ("RJK" or the "Company")
announces that it proposes, subject to TSXV approval, to amend an
aggregate of 687,500 share purchase warrants by reducing the
exercise price from $0.25 to $0.10
and extending the expiry date from September
23, 2013 to September 23,
2014. The warrants were originally issued in conjunction
with the Company's March 2012 private
placement.
In accordance with Exchange Policy 4.1 share
purchase warrants the exercise period of the re-priced warrants
will be reduced to 30 days if for any ten consecutive trading ("the
Premium Trading Days") during the unexpired term of the Warrants
the closing price of the Company's listed shares exceeds
$0.26. This 30 day period will
commence seven calendar days after the tenth Premium Trading Day,
of the total proposed amended Warrants, none are held by insiders
of the company.
In addition, with regards to the Company's news
release dated August 13, 2013
announcing the closing of the "First Tranche" of its previously
announced non-brokered private placement of June 13, 2013. The company advises that it was
unable to close its proposed "Second Tranche" units of securities
and as such has provided final private placement
documentation for TSXV approval.
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.
SOURCE RJK Explorations Ltd.