Business
RJK ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND RAISING OF $698,000 IN GROSS PROCEEDS
Jun. 2, 2011 (Canada NewsWire Group) -- TORONTO, June 2, 2011 /CNW/ - RJK Explorations Ltd. (...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n Jun. 2, 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, June 2, 2011 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A)\n (the "Company") is pleased to announce that it has closed a\n non-brokered private placement (the "Offering"). Pursuant to the\n Offering, 4,362,500 "flow-through" units (each, a "Unit") were sold at\n a price of $0.16 per Unit, raising gross proceeds of $698,000. Each\n Unit consists of one Class A subordinate voting share of the Company\n (each, a "Share") and one-half of one warrant (each such whole warrant,\n a "Warrant"), with each Warrant entitling the holder to purchase one\n Share at a price of $0.25 for an 18-month period. The Shares (other\n than Shares issuable on exercise of the Warrants) and Warrants issued\n pursuant to the Offering were issued on a "flow-through" basis.\n\nIn connection with the Offering, Sprott Asset Management L.P. on behalf\n of certain funds purchased 3,750,000 Units for a total investment in\n the Company of $600,000.\n\nThe Company has also issued 329,000 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 such whole warrant, a "Finder Warrant"), with each Finder\n Warrant entitling the holder to purchase one Share at a price of $0.25\n for an 18-month period.\n\nThe securities...