RJK Explorations announces $300,000 private placement

pcNewsWireRJK Explorations Ltd. (TSX-V: RJX.A) intends to close a non-brokered private placement of up to 2,000,000 units at $0.15 per unit for gross proceeds of up to $300,000.

Proceeds will be used for mineral exploration and general corporate purposes.

News Release

RJK Explorations Ltd. Announces Non- Brokered Private Placement

TORONTO, ONTARIO – (May 19, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK” or the “Company”) intends to offer for sale, by way of a non-brokered private placement, units of securities of RJK to raise up to $300,000 (the “Offering”). Under the terms of the Offering, RJK may sell up to 2,000,000 units (the “Units”) at a price of $0.15 per Unit, each Unit comprised of one Class A Subordinate Voting Share (“Class A Shares”) of the Corporation and one Class A Share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase an additional Class A Share for up to 24 months following its date of issue at a price of $0.25 per share in the first year and at a price of $0.35 during the second year.

Net proceeds from the Offering will be used for mineral exploration and general corporate purposes. Finders’ fees or commissions related to this private placement may be payable by the Company. All securities sold or issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance thereof. The Offering is subject to the approval of the TSX Venture Exchange.

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.

For further information, please contact:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
E-mail: info@rjkexplorations.com