Business
RJK Announces Closing of Private Placement and Raising of $133,000 in Gross Proceeds
KIRKLAND LAKE, ON, May 9, 2012 /CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) (the "Company"...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\n\n\nKIRKLAND LAKE, ON, May 9, 2012 /CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) (the \"Company\") is pleased to announce that it has closed a non-brokered\n private placement (the \"Offering\"). Pursuant to the Offering, 665,000\n units of securities (each, a \"Unit\") were issued at a price of $0.20\n per Unit, raising gross proceeds of $133,000 Each Unit consists of one\n Class A subordinate voting share of the Company (each, a \"Share\") and\n one-half of one warrant (each whole warrant, a \"Warrant\"), with each\n Warrant entitling the holder to purchase one Share at a price of $0.30\n for a 12-month period.\n\n\nThe Company paid a cash finders fee of $6,650.00 in connection with this\n private placement.\n\n\nThe securities issued under the Offering are subject to a hold period\n expiring on September 11, 2012.\n\n\nThe proceeds raised from the issuance of the Units will be used to fund\n exploration work on the Company's Blackwater Properties BC and general\n corporate purposes..\n\n\nForward-Looking Information\n\n\nThis news release contains forward-looking information which is not\n comprised of historical facts. Forward-looking information involves\n risks, uncertainties and other factors that could cause actual events,\n results, performance, prospects and opportunities to differ materially\n from those expressed or implied by such forward-looking information.\n Forward looking information in this news release includes, but is not\n limited to, the Company's anticipated use of proceeds from the\n Offering. Factors that could cause actual results to differ materially\n from such forward-looking information include, but are not limited to,\n failure to obtain TSX Venture Exchange approval of the Offering,\n general business and economic uncertainties, future mineral prices and\n adverse market conditions, as well as those risks set out in the\n Company's public documents filed on SEDAR. Although the Company\n believes that the assumptions and factors used in preparing the\n forward-looking information in this news release are reasonable, undue\n reliance should not be placed on such information, which only applies\n as of the date of this news release, and no assurance can be given that\n such events will occur. The Company disclaims any intention or\n obligation to update or revise any forward-looking informatio...