Business
RJK ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT FINANCING RAISING $350,000
RJK ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT FINANCING RAISING $350,000
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\n Dec. 15, 2010 (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, Dec. 15 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A)\n ("RJK" or the "Company") is pleased to announce the closing of the\n first tranche (the "First Tranche") of its previously announced\n non-brokered private placement of up to 8,571,428 units of securities\n (each, a "Unit") at a price of $0.07 per Unit (see the Company's news\n release dated December 6, 2010) (the "Offering"). 5,000,000 Units were\n sold under the First Tranche, raising gross proceeds of $350,000. Each\n Unit consists of one Class A subordinate voting share of the Company\n (each, a "Share") and one warrant. Each warrant entitles the holder to\n purchase one Share at a price of $0.15 for a 24-month period, subject\n to acceleration of the expiry date upon twenty days' notice by RJK in\n certain circumstances. It is anticipated that a second closing of the\n Offering (the "Second Closing") will take place on or before December\n 31, 2010.\n\n\nThe proceeds raised from the issuance of the Units are expected to be\n used to fund exploration work on the Company's mineral properties and\n for general corporate purposes.\n\n\nThe securities issued under the First Tranche are subject to a hold\n period expiring on April 16, 2011.\n\n\nForward-Looking Information\n\n\nThis news release contains forward-looking information which is not\n comprised of historical facts....