Business
RJK ANNOUNCES SECOND CLOSING OF PRIVATE PLACEMENT AND RAISING OF APPROXIMATELY $600,000 IN AGGREGATE GROSS PROCEEDS
Dec. 30, 2010 (Canada NewsWire Group) -- TORONTO, Dec. 30 /CNW/ - RJK Explorations Ltd. (TSX ...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\n Dec. 30, 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. 30 /CNW/ - RJK Explorations Ltd. (TSX Venture: RJX.A)\n ("RJK" or the "Company") is pleased to announce the closing of the\n second tranche (the "Second 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 releases dated December 6, 2010 and December 15, 2010) (the\n "Offering"). 3,570,000 Units were sold under the Second Tranche and,\n together with the Units sold under the first tranche of the Offering,\n aggregate gross proceeds of approximately $600,000 were raised pursuant\n to the Offering. Each Unit consists of one Class A subordinate voting\n share of the Company (each, a "Share") and one warrant. Each warrant\n entitles the holder to purchase one Share at a price of $0.15 for a\n 24-month period, subject to acceleration of the expiry date upon twenty\n days' notice by RJK in certain circumstances.\n\n\nThe Company will pay an aggregate cash finder's fee of $5,000 in\n connection with the Second Tranche.\n\n\nThe aggregate proceeds raised from the issuance of the Units are\n expected to be used to fund exploration work on the Company's mineral\n properties and for general corporate purposes.\n\n\nThe securities issued under the Second Tranche are subject to a hold\n period expiring on May 1, 2011.\n\n\nF...