KIRKLAND LAKE, ON, June 10 /CNW/ - RJK Explorations Ltd. (the "Company") (TSX VENTURE: RJX.A) announces that it has appointed David Layman as a Director of the company. Mr. Layman has served in varying financial capacities during the past 28 years with Placer Dome Inc., MinVen Gold Corporation, Goldfields (USA), Greenstone Resources Ltd., World Wide Minerals Ltd., Khan Resources Inc., and Diadem Resources Ltd. Each of these positions has given Mr. Layman increased experience in international mining and capital markets.
Recently Mr. Layman served in a consulting capacity in taking UrAsia Energy Ltd. public and subsequently merging UrAsia Energy with SXR Uranium One Inc. to form Uranium One Inc. Mr. Layman serves in the capacity of Senior Vice-president, CFO and Co-CEO of GLR Resources Inc.
Mr. Layman is President of Atlantic Settlement Holding Corporation, a corporate management and financial advisory company and is a Chartered Accountant, registered in Ontario. Mr. Layman is replacing Dr. James Franklin who did not let his name stand for re-election at the company's recent AGM. The board would like to thank Mr. Franklin for the many years of service he provided to the company and wish him the very best in all his future endeavors.
In addition, subject to regulatory approval, the company has granted an additional 1,200,000 incentive stock options to Mr. Layman, directors and employees of the company. With the additional granted options, the company will have a total of 2,775,000 options outstanding or 5.4% of the issued and outstanding shares of the company.
The new options have been granted under the company's previously approved rolling plan and are exercisable at $0.10 per share until June 10, 2014.
Forward Looking Statements: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond RJK's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although RJK believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Web Site: http://www.rjkexplorations.com