Business
RJK announces private placement financing
RJX.A KIRKLAND LAKE, ON, June 13, 2013 /CNW/ - RJK Explorations Ltd. (TSX Venture...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\nRJX.A\n\n\nKIRKLAND LAKE, ON, June 13, 2013 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A) (\"RJK\" or the \"Company\") is\n announcing a non-brokered hard dollar private placement of up to\n 4,000,000 units of securities (each, a \"Unit\") at a price of $0.05 per\n Unit for aggregate gross proceeds of up to approximately $200,000 and\n up to 7,000,000 \"flow-through\" units of securities (each a \"Unit\") at a\n price of $0.07 for aggregate gross proceeds of up to approximately\n $490,000.\n\n\nEach Unit will be comprised of one Class A subordinate voting share of\n the Company (each, a \"Share\") and one-half of one warrant (each whole\n warrant, a \"Warrant\"). Each Warrant will entitle the holder to purchase\n one Share at a price of $0.10 for a 12-month period.\n\n\nThe proceeds raised from the issuance of the Units are expected to be\n used to fund the Company's Blackwater Project located in central BC and\n for general corporate purposes. It is anticipated that closing of the\n private placement will take place on or before July 03, 2013.\n\n\nForward-Looking Information\n\n\nForward Looking Statements: includes statements contained in this news\n release regarding discussions in respect of a potential acquisition and\n funding arrangement and RJK's expectations regarding same and the\n trading of its shares on the TSX Venture Exchange. This forward-looking\n information reflects the current expectations or beliefs of RJK based\n on information currently available to it. Forward-looking information\n is subject to a number of risks and uncertainties that may cause the\n actual results of RJK to differ materially from those discussed in the\n forward-looking information, and even if such actual results are\n realized or substantially realized, there can be no assurance that they\n will have the expected consequences to, or effects on, RJK. Factors\n that could cause actual results or events to differ materially from\n current expectations include, but are not limited to: the failure of\n RJK to enter into an agreement in respect of such arrangement; delays\n in obtaining or failure to obtain any required regulatory and/or\n shareholder approval; and other factors. Any forward-looking\n information speaks only as of the date on which it is made. Although\n RJK believes that the assumptions inherent in the forward-...