RJK Explorations Ltd. Announces Proposed Private Placement

TORONTO, ONTARIO — (March 17, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK“) announces that it will undertake a non-brokered private placement of units raising up to a maximum offering amount of $360,000 (the “Offering“). Under the terms of the Offering, RJK may sell up to 2,000,000 units (the “Units“) at a price of $0.18 per Unit, each Unit comprised of one Class A Subordinate Voting Share (“Class A Shares“) of the Corporation and one-half of one Class A Share purchase warrant (“Warrant“), each whole Warrant entitling the holder to purchase an additional Class A Share (“Warrant Share”) for up to one year following its date of issue at a price of $0.35 per Warrant Share. The Units comprised of Class A Shares and half Warrants may be issued on a “flow-through” basis or non-“flow-through” basis, at the investor’s discretion. It is anticipated that the pricing will be the same in either case. Read more