By Laura Lutz
Des Moines, June 11 - RJK Explorations Ltd. closed a private placement of units for C$1.43 million.
The company sold 6.5 million units of one class A subordinated voting share and one half-share warrant at C$0.22 per unit. Each whole warrant will be exercisable at C$0.27 until June 8, 2008.
The placement was non-brokered.
Proceeds will be used for exploration and development and for working capital.
RJK Explorations is an exploration company based in Kirkland Lake, Ont.
| Issuer: | RJK Explorations Ltd.
|
| Issue: | Units of one class A subordinated voting share and one half-share warrant
|
| Amount: | C$1.43 million
|
| Units: | 6.5 million
|
| Price: | C$0.22
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 8, 2008
|
| Warrant strike price: | C$0.27
|
| Agent: | Non-brokered
|
| Settlement date: | June 11
|
| Stock symbol: | TSX Venture: RJX.A
|
| Stock price: | C$0.215 at close June 8
|
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