KIRKLAND LAKE, ON, April 22 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") wishes to issue an amendment to the news release of March 12, 2009 and as per TSX-V instructions on announcing the acquisition of the Dorion South Property, Thunder Bay North Area, Ontario, and the consideration of 325,000 shares of the company over a four year period. The deemed price of the shares was omitted from the news release. The deemed price for the shares issued was $0.05 per share.
RJK would also like to note that Magma Metals Limited (MMB-ASX) released this information in a news release dated April 22, 2009:
"Magma Metals Limited ("Magma" or "the Company") is pleased to advise that it has reached in-principle agreement with Hartleys Limited, Corporate Advisor and Lead Manager, to raise up to $16 million through the issue of up to 50 million ordinary shares at an issue price of $0.32 per share.
The shares will be issued predominantly to domestic and international institutional clients of Hartleys. The placement was substantially oversubscribed.
The funds raised by the placement will allow the Company to continue its aggressive exploration and development program at its Thunder Bay North Platinum-Palladium-Copper-Nickel project in Ontario, Canada. It is anticipated that the placement monies will predominantly be applied as specified below:
Completion of resource definition drilling and initial resource estimates for the Current Lake - Beaver Lake area. Step-out drilling to extend the resource to the southeast. Drilling to test anomalies from recent EM surveys which could reflect massive sulphide mineralization. Exploration drilling and geophysical surveys in the Steepledge Lake and Lone Island Lake Intrusive Complexes to determine their resource potential. Metallurgical and mining concept studies. Environmental baseline work.
Anglo American will participate in the placement, maintaining its 12% interest in the Company."
RJK Explorations Ltd. is continuing to advance the Dorion South Platinum-Palladium-Copper-Nickel Property to the drilling stage.
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.