Business
RJK announces first closing of private placements
KIRKLAND LAKE, ON, Aug. 13, 2013 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A) ("RJK...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\nKIRKLAND LAKE, ON, Aug. 13, 2013 /CNW/ - RJK Explorations Ltd. (TSX\n Venture: RJX.A) (\"RJK\" or the \"Company\") announces the closing of the\n first tranche (the \"First Tranche\") of its previously announced\n non-brokered private placement of June 13, 2013. Under the First\n Tranche 194,000 flow-through units of securities (each, a \"Unit\") were issued at a price of $0.07\n per Unit, raising gross proceeds of $13,580. In addition, 100,000 non flow-through units of securities (each a \"Unit) were issued at a price of $0.05\n raising gross proceeds of $5,000. Each Unit consists of one Class A\n subordinate voting share of the Company (each, a \"Share\") and one-half\n of one warrant (each whole warrant, a \"Warrant\"), with each Warrant\n entitling the holder to purchase one non flow-through Share at a price\n of $0.10 for a 12-month period. It is anticipated that the second\n closing of the Offering (the \"Second Closing\") will take place on or\n before August 30, 2013.\n\n\nThe Company paid a cash finders fee of $280.00 in connection with this\n private placement.\n\n\nThe securities issued under the Offering are subject to a hold period\n expiring on December 14, 2013.\n\n\nThe proceeds raised from the issuance of the Units is to be used to fund\n exploration work on the Company's Blackwater Properties BC.\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 completion of the Second Closing and the timing related\n thereto and 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 final 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...