RJK Announces Closing of Private Placement and Raising Of $220,000 in Gross Proceeds
22 Mars 2012 - 1:44AM
PR Newswire (Canada)
KIRKLAND LAKE, ON, March 23, 2012 /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, 1,375,000 units of securities (each, a "Unit") were
issued at a price of $0.16 per Unit, raising gross proceeds of
$212,000 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 $0.25 for a 18-month period.
The securities issued under the Offering are subject to a hold
period expiring on July 24, 2012. The proceeds raised from the
issuance of the Units are expected to be used to fund exploration
work on the Company's Blackwater Properties BC.and for general
working 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 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) 567-5351 Mobile:
(705) 568-7567kasner1@ntl.aibn.com Vancouver Office: James (604)
565-5967james@rjkexplorations.com
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