RJX.A
KIRKLAND LAKE,
ON, June 13, 2013 /CNW/ - RJK
Explorations Ltd. (TSX Venture: RJX.A) ("RJK" or the "Company") is
announcing a non-brokered hard dollar private placement of up to
4,000,000 units of securities (each, a "Unit") at a price of
$0.05 per Unit for aggregate gross
proceeds of up to approximately $200,000 and up to 7,000,000 "flow-through" units
of securities (each a "Unit") at a price of $0.07 for aggregate gross proceeds of up to
approximately $490,000.
Each Unit will be comprised of one Class A
subordinate voting share of the Company (each, a "Share") and
one-half of one warrant (each whole warrant, a "Warrant"). Each
Warrant will entitle the holder to purchase one Share at a price of
$0.10 for a 12-month period.
The proceeds raised from the issuance of the
Units are expected to be used to fund the Company's Blackwater
Project located in central BC and for general corporate purposes.
It is anticipated that closing of the private placement will take
place on or before July 03, 2013.
Forward-Looking Information
Forward Looking Statements: includes statements contained in
this news release regarding discussions in respect of a potential
acquisition and funding arrangement and RJK's expectations
regarding same and the trading of its shares on the TSX Venture
Exchange. This forward-looking information reflects the current
expectations or beliefs of RJK based on information currently
available to it. Forward-looking information is subject to a number
of risks and uncertainties that may cause the actual results of RJK
to differ materially from those discussed in the forward-looking
information, and even if such actual results are realized or
substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, RJK. Factors that
could cause actual results or events to differ materially from
current expectations include, but are not limited to: the failure
of RJK to enter into an agreement in respect of such arrangement;
delays in obtaining or failure to obtain any required regulatory
and/or shareholder approval; and other factors. Any forward-looking
information speaks only as of the date on which it is made.
Although RJK believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such statements due
to the inherent uncertainty therein.
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.