Business

RJK Explorations Ltd. Announces Upsize of Private Placement

Kirkland Lake, Ontario--(Newsfile Corp. - January 29, 2026) - RJK Explorations Ltd. (TSXV: RJX.A...

articleRjk Explorations Ltd. Class AJanuary 29, 20263/news/rjk-explorations-ltd-announces-upsize-of-private-placement
RJK Explorations Ltd. Announces Upsize of Private Placement

About this update from Rjk Explorations Ltd. Class A

RJK Explorations Ltd. Announces Upsize of Private PlacementKirkland Lake, Ontario--(Newsfile Corp. - January 29, 2026) - RJK Explorations Ltd. (TSXV: RJX.A) (the "Company") is pleased to announce that it as increased the size of its private placement (the "Offering"), previously announced on January 23, 2026, to now raise aggregate gross proceeds of up to $160,000 (the "Offering"). In addition to the previously announced 5,200,000 units of the Company offered at a price of $0.025 per unit, the Company will offer an additional 1,000,000 units at a price of $0.03 per unit. All units will be comprised of one common share of the Company (a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.05 for a period of five years from the date of issuance. The Company intends to use 80% of the gross proceeds for working capital and general corporate purposes, and 20% to funds its exploration program on its exploration properties.The Offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the Offering may occur in one or more tranches and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws and TSXV policies.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.Contact Information Glenn Kasner, CEO Mobile: (705) 568-7567 Email: [email protected] Web Site: https://www.rjkexplorations.com Company Information: Tel: (705) 568-7567Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements Certain statements herein may contain forward-looking sta...

View stock analysis, news, and events for Rjk Explorations Ltd. Class A