Business
RJK Announces Proposed Extension and Re-Pricing of Warrants, Closing of Private Placement
KIRKLAND LAKE, ON, Aug. 27, 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. 27, 2013 /CNW/ - RJK Explorations Ltd. (TSX\n Venture: RJX.A) (\"RJK\" or the \"Company\") announces that it proposes,\n subject to TSXV approval, to amend an aggregate of 687,500 share\n purchase warrants by reducing the exercise price from $0.25 to $0.10\n and extending the expiry date from September 23, 2013 to September 23,\n 2014. The warrants were originally issued in conjunction with the\n Company's March 2012 private placement.\n\n\nIn accordance with Exchange Policy 4.1 share purchase warrants the\n exercise period of the re-priced warrants will be reduced to 30 days if\n for any ten consecutive trading (\"the Premium Trading Days\") during the\n unexpired term of the Warrants the closing price of the Company's\n listed shares exceeds $0.26. This 30 day period will commence seven\n calendar days after the tenth Premium Trading Day, of the total\n proposed amended Warrants, none are held by insiders of the company.\n\n\nIn addition, with regards to the Company's news release dated August 13,\n 2013 announcing the closing of the \"First Tranche\" of its previously\n announced non-brokered private placement of June 13, 2013. The company\n advises that it was unable to close its proposed \"Second Tranche\" units\n of securities and as such has provided final private placement documentation for TSXV approval.\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 SEDA...