KIRKLAND LAKE, ON, Dec. 18, 2012 /CNW/ - RJK Explorations Ltd. (TSX
Venture: RJX.A) (the "Company") is announcing that it has closed a
non-brokered private placement (the "Offering"). Pursuant to the
Offering, flow-through units of securities (each, a "Unit") were issued
at a price of $0.13 per Unit, raising gross proceeds of $208,750. Each
Unit consists of one Class A subordinate voting share of the Company
(each, a "Share") and one-half of one warrant (each whole warrant, a
"Warrant"), with each Warrant entitling the holder to purchase one
Share at a price of $0.15 for a 12-month period.
The Company paid a cash finders fee of $5,624 in connection with this
The securities issued under the Offering are subject to a hold period
expiring on April 19, 2013.
The proceeds raised from the issuance of the Units are to be used to
fund exploration work on the Company's Blackwater Properties BC.
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward looking information in this news release includes, but is not
limited to, the Company's anticipated use of proceeds from the
Offering. Factors that could cause actual results to differ materially
from such forward-looking information include, but are not limited to,
failure to obtain TSX Venture Exchange approval of the Offering,
general business and economic uncertainties, future mineral prices and
adverse market conditions, as well as those risks set out in the
Company's public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies
as of the date of this news release, and no assurance can be given that
such events will occur. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law.
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.
SOURCE: RJK Explorations Ltd.
For further information:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567