OR Dissemination IN the United States.
P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7956
RJK ANNOUNCES PRIVATE PLACEMENT
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Kirkland Lake, Ontario – October 9, 2024 – RJK Explorations Ltd. (“RJK” or the "Company”)
(TSX.V: RJX.A) announces the commencement of a non -brokered private placement for
aggregate gross proceeds of up to $350,000 (the “Offering”). The Offering will consist of the sale
of units of the Company at a price of $0.035 per unit. Each unit will consist of one common share
of the Company (a “ Common Share”) and one warrant (a “ Warrant”) entitling the holder to
acquire one Common Share for a period of five (5) years from the date of issuance at an exercise
price of $0.07. Insiders are expected to subscribe for $130,000 of the Offering.
The Company plans to use the net proceeds raised from the sale of the Units for diamond drilling
of potential kimberlite, base and precious metal targets (70% of the proceeds) and for general
working capital purposes (30% of the proceeds).
The Offering is subject to customary closing conditions including, but not limited to, receipt of
approval of the TSX Venture Exchange (the " TSX-V"). The closing of the Offering may occur in
one or more tranches, and is not subject to receipt of a minimum amount of gross proceeds.
The securities issued under the offering will be subject to a four -month and one day hold period
pursuant to applicable securities laws and pursuant to a TSX-V hold period.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements. This press release sha ll not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State
in which such offer, solicitation or sale would be unlawful.
Contact Information
Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: [email protected]
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7455
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.
Forward Looking Information
This news release includes certain forward -looking statements, which may include, but are not limited to,
statements concerning the Offering generally, the proposed use of the proceeds, and the TSXV’s final
approval of the Offering. Any statements containe d herein that are not statements of historical facts may
be deemed to be forward-looking, including those identified by the expressions "will", "anticipate", "believe",
"plan", "estimate", "expect", "intend", "propose" and similar expressions. With respect to forward-looking
statements and information contained herein, we have made numerous assumptions, including
assumptions about the receipt of final acceptance by the TSX Venture Exchange and the state of the equity
markets. Forward-looking statements involve known and unknown risks and uncertainties that could cause
actual results, performance, or achievements to differ materially from those expressed or implied in this
news release. Factors that could cause actual results to differ materially from those anticipated in this news
release include, but are not limited to, the Company’s failure to receive final approval from the TSXV in
connection with the Offering. RJK assumes no obligation to update the forward -looking statements or to
update the reasons why actual results could differ from those reflected in the forward -looking statements
except as required by applicable law.