Business
RJK ANNOUNCES PRIVATE PLACEMENT FINANCING
Mar. 2, 2011 (Canada NewsWire Group) -- TORONTO, March 2 /CNW/ - RJK Explorations Ltd. (TSX V...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n Mar. 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, March 2 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A)\n ("RJK" or the "Company") is pleased to announce a non-brokered private\n placement of up to 2,033,334 units of securities (each, a "Unit") at a\n price of $0.15 per Unit for aggregate gross proceeds of up to\n approximately $305,000. Each Unit will be comprised 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"). Each Warrant will\n entitle the holder to purchase one Share at a price of $0.25 for a\n 12-month period. The Shares and Warrants issued pursuant to the private\n placement will be issued on a "flow-through" basis.\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.\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 potential proceeds to be raised in connection with the\n offering...