RJK Explorations Completes Private Placements for Dorion South Platinum/Palladium/Cu/Ni Property



    KIRKLAND LAKE, ON, May 14 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV)
("RJK") announces that it has closed:

    
    -  a previously announced non-brokered private placement (the "Offering")
       for aggregate gross proceeds of $155,000 through the sale of 3,100,000
       units at a price of $0.05 per unit. Each unit consists of one Class A
       subordinate voting share and one whole warrant with each whole warrant
       entitling the holder thereof to acquire one Class A subordinate voting
       share of the corporation at a price of $0.10 within 18 months of the
       closing date; and

    -  a non-brokered private placement (the "Flow-Through Offering") for
       gross proceeds of $130,000 through the sale of 2,600,000 units at a
       price of $0.05 per unit. Each unit consists of one Class A subordinate
       voting share and one whole warrant with each whole warrant entitling
       the holder thereof to acquire one Class A subordinate voting share of
       the corporation at a price of $0.10 within 24 months of the closing
       date.
    

    The securities issued under the Offering and Flow-Through Offering are
subject to hold periods expiring on September 15, 2009. The proceeds will be
used for general working capital and to advance the Company's Dorion South
Platinum/Palladium/Cu/Ni property at Thunder Bay North.
    In connection with the Offering and Flow-Through Offering, RJK paid
aggregate cash finders' fees equal to 10% of the gross proceeds raised.

    
    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




For further information:

For further information: Glenn Kasner, President, Telephone: (705)
567-5351, Mobile: (705) 568-7567, E-Mail: kasner1@ntl.aibn.com; James Hitchie,
Advisor, Email: james@rjkexplorations.com

Organization Profile

RJK Explorations Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890