Business
RJK ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND RAISING OF APPROXIMATELY $363,560 IN GROSS PROCEEDS
May 13, 2011 (Canada NewsWire Group) -- TORONTO, May 13 /CNW/ - RJK Explorations Ltd. (TSX Ve...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n May 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, May 13 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A) (the\n "Company") is pleased to announce that it has closed a non-brokered\n private placement (the "Offering"). Pursuant to the Offering, 2,019,777\n "flow-through" units (each, a "Unit") were sold at a price of $0.18 per\n Unit, raising gross proceeds of approximately $363,560. Each Unit\n consists of one Class A subordinate voting share of the Company (each,\n a "Share") and one-half of one warrant (each whole warrant, a\n "Warrant"), with each Warrant entitling the holder to purchase one\n Share at a price of $0.30 for a 12-month period. The Shares (other than\n Shares issuable on exercise of the Warrants) and Warrants issued\n pursuant to the private placement were issued on a "flow-through"\n basis.\n\n\nThe Company has also issued 156,026 finder units (each, a "Finder Unit")\n in connection with certain subscriptions under the Offering. Each\n Finder Unit consists of one Share and one-half of one non-transferable\n warrant (each, a "Finder Warrant"), with each Finder Warrant entitling\n the holder to purchase one Share at a price of $0.30 for a 12-month\n period.\n\n\nThe securities issued under the Offering are subject to a hold period\n expiring on September 14, 2011.\n\n\nThe proceeds raised from the issuance of the Units are expected to be\n used to f...