Business
RJK ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT AND RAISING OF APPROXIMATELY $164,500
Feb. 15, 2011 (Canada NewsWire Group) -- TORONTO, Feb. 15 /CNW/ - RJK Explorations Ltd. (TSXV...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\n Feb. 15, 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, Feb. 15 /CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or\n the "Company") is pleased to announce the closing of the first tranche\n of a non-brokered private placement (the "First Tranche"). Pursuant to\n the First Tranche, 1,096,666 units of securities (each, a "Unit") were\n issued at a price of $0.15 per Unit, raising approximately $164,500.\n Each Unit consists of one Class A subordinate voting share of the\n Company (each, a "Share") and one-half of one warrant. Each whole\n warrant (each a "Warrant") entitles the holder to purchase one Share at\n a price of $0.25 for a 12-month period. It is anticipated that the\n closing of a second tranche will occur by the end of February.\n\n\nThe Company paid an aggregate cash finder's fee of $4,837.50 in\n connection with the First Tranche.\n\n\nThe proceeds raised from the issuance of the Units will be used to fund\n exploration work on RJK's mineral properties. \n\n\nThe Shares and Warrants issued pursuant to the First Tranche are subject\n to a hold period expiring on June 16, 2011.\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...