RJK announces closing of private placement and raising of approximately $351,000 in gross proceeds
06 Décembre 2011 - 5:24AM
PR Newswire (Canada)
KIRKLAND LAKE, ON, Dec. 7, 2011 /CNW/ - RJK Explorations Ltd. (the
"Company") is pleased to announce that it has closed a non-brokered
private placement (the "Offering"). Pursuant to the Offering,
2,700,000 units of securities (each, a "Unit") were issued at a
price of $0.13 per Unit, raising gross proceeds of approximately
$351,000 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 $0.20 for a 12-month period and
$0.30 for the ensuing 12-month period. The Company paid an
aggregate cash finders fee of $17,550.00 in connection with this
private placement. The securities issued under the Offering are
subject to a hold period expiring on April 08, 2012. The proceeds
raised from the issuance of the Units are expected to be used for
general corporate purposes and to fund exploration work on the
Company's Blackwater Properties located in British Columbia.
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. RJK Explorations Ltd. CONTACT: Glenn
Kasner, PresidentTelephone: (705) 567-5351Mobile: (705)
568-7567kasner1@ntl.aibn.com
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