RJK announces closing of private placement and raising of $208,750
in gross proceeds
KIRKLAND LAKE, ON, Dec. 18, 2012 /CNW/ - RJK Explorations Ltd. (TSX
Venture: RJX.A) (the "Company") is announcing that it has closed a
non-brokered private placement (the "Offering"). Pursuant to the
Offering, flow-through units of securities (each, a "Unit")
were issued at a price of $0.13 per
Unit, raising gross proceeds of $208,750. 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 $0.15 for a 12-month period.
The Company paid a cash finders fee of
$5,624 in connection with this
private placement.
The securities issued under the Offering are
subject to a hold period expiring on April
19, 2013.
The proceeds raised from the issuance of the
Units are to be used to fund exploration work on the Company's
Blackwater Properties BC.
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.
SOURCE RJK Explorations Ltd.