Toronto, Ontario--(Newsfile Corp. - May 19, 2017) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or the "Company") intends to offer for sale, by way of a non-brokered private placement, units of securities of RJK to raise up to $300,000 (the "Offering"). Under the terms of the Offering, RJK may sell up to 2,000,000 units (the "Units") at a price of $0.15 per Unit, each Unit comprised of one Class A Subordinate Voting Share ("Class A Shares") of the Corporation and one Class A Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase an additional Class A Share for up to 24 months following its date of issue at a price of $0.25 per share in the first year and at a price of $0.35 during the second year.
Net proceeds from the Offering will be used for mineral exploration and general corporate purposes. Finders' fees or commissions related to this private placement may be payable by the Company. All securities sold or issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance thereof. The Offering is subject to the approval of the TSX Venture Exchange.
