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To: Goose94 who wrote (20318)8/11/2016 11:46:08 AM
From: Goose94Read Replies (1) | Respond to of 202428
 
RJK Explorations (RJX.A-V) Aug 11, '16 announces that it has completed its previously announced non-brokered private placement of units, raising gross proceeds of $575,000. Under the terms of the Offering, 5,000,000 units were sold at a price of $0.115 per Unit, each Unit comprised of one Class A Subordinate Voting Share of the Corporation and one Class A Subordinate Voting Share purchase warrant, with each Warrant entitling the holder to purchase an additional Class A Subordinate Voting Share ("Warrant Share") for up to two years at a price of $0.20 per Warrant Share during the first year of the term and at a price of $0.30 during the second year of the term.

Net proceeds from the Offering will be used for mineral exploration, property option agreement payments, and general corporate purposes. The securities issued are subject to a four-month statutory hold period and a TSX Venture Exchange hold period, each expiring on December 11, 2016.

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.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities have not been and will not be registered under the United Sates Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state laws.


Contact Information
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
kasner1@ntl.aibn.com

SOURCE: RJK Explorations Ltd.

rjkexplorations.com