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
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
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.
For further information:
For further information: Glenn Kasner, President, Telephone: (705)
567-5351, E-Mail: email@example.com; James Hitchie, Advisor, Email: