RJK Explorations Ltd. Completes First Tranche of Non-Brokered Private Placement

About this update from Rjk Explorations Ltd. Class A

RJK Explorations Ltd. Completes First Tranche of Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - April 12, 2017) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK") closed the first tranche of its previously announced non-brokered private placement of units, raising gross proceeds of $298,139.76 (the "Offering"). Under the terms of the Offering, 1,656,332 units (the "Units") were sold at a price of $0.18 per Unit, each Unit comprised of one Class A Subordinate Voting Share ("Class A Share") of the Corporation and one-half of one Class A Share purchase warrant ("Warrant"), each whole Warrant entitling the holder to purchase an additional Class A Share for up to one year following its date of issue at a price of $0.35 per Warrant Share. Net proceeds from the Offering will be used for mineral exploration and general corporate purposes. The securities issued will be subject to a four-month statutory hold period and a TSX Venture Exchange hold period. RJK may complete a further closing of this non-brokered private placement to bring total gross proceeds to $360,000 on or before May 3, 2017.In connection with the private placement, RJK has agreed to pay finder's fees in the amount of $15,840 in cash to Mackie Research Capital Corporation, Acumen Capital Partners and Sherbrooke Street Capital (SSC Inc.). Neither 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.Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the ...

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