KIRKLAND LAKE, ON, April 30 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") announces that it will be conducting a non-brokered private placement for aggregate gross proceeds of up to $100,000 consisting of up to two million units at a price of 5 cents per unit. Each unit will consist of one Class A subordinate voting share and one whole warrant with each whole warrant entitling its holder to acquire one Class A subordinate voting share of the corporation at a price of 10 cents within 24 months of the closing date.
The company may pay finder's fees consisting of cash, securities or a combination of both upon closing of the private placement, subject to TSX Venture Exchange guidelines and approvals.
The proceeds of the placement will be used for general working capital and to advance its Dorion South Platinum/Palladium/Cu/Ni property at Thunder Bay North. Currently, company personnel are on the ground at Dorion South conducting sampling and reconnaissance work to determine drilling locations.
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