Rjk Announces Private Placement and Grant of Options
P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568 -7956
RJK ANNOUNCES PRIVATE PLACEMENT AND GRANT OF OPTIONS
Kirkland Lake, Ontario – December 31, 2021 – RJK Explorations Ltd. (“RJK” or “the
Company”) (TSXV: RJX.A, US OTC: RJKAF) announces that it has closed a non-brokered
private placement offering of flow-through units ("Flow-Through Units"). Pursuant to this closing,
the Company raised a total of $112,500 for the issuance of 900,000 Flow-Through Units of the
Company at a price of $0.125 per Flow-Through Unit.
Each Flow-Through Unit consists of one Class A common share of the Company ("Common
Share") issued on a flow-through basis and one class A common share purchase warrant (each
such warrant, a "Warrant") also issued on a flow-through basis, in each case in accordance with
the Income Tax Act (Canada). Each Warrant will entitle the holder to purchase one Common
Share in the capital of the Company at a price of $0.25 for a period of three years . The gross
proceeds from the sale of the Flow -Through Units will be used to fund exploration work on the
Company's Cobalt Ontario Diamond Project.
On December 31, 2021, the Company announces that it has granted a total of 1,000,000 options
(the "Options") to its directors and officers. The Options will entitle the holders to purchase one
Class A common share of the Company at a price of $0.125 for a period of five years. Of the total
Options being granted, 500,000 will replace options that expired on December 16, 2021 and
500,000 will be issued to Mr. Gino Chitaroni, the Company's President. In addition, Mr. Chitaroni
has subscribed for $50,000 of this placement.
All securities issued pursuant to the Offering are subject to a statutory hold period ending May 1,
2022. The Offering remains subject to final acceptance by the TSX Venture Exchange.
Contact Information
Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: [email protected]
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445
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 information and forward -looking statements
which may include, but are not limited to, statements concerning the Offering generally, the
proposed use of the proceeds, the Company's exploration plans, and the granting of options. Any
statements contained herein that are not statements of historical facts or current conditions, are
deemed to be forward -looking, including those identified by the expressions, "will", "anticipate",
"believe", "plan", "estimate", "expect", "intend", "propose", "if", "hopes to", or certain statements
that certain actions, events or results "may", "could", "would", "might", or "will be taken", "will
occur", "will continue", or "will demonstrate". Such forward -looking statements and i nformation
are subject to various known and unknown risks many of which are beyond the Company's ability
to control or predict, that may cause the Company's actual results, performance or achievements
to materially differ from those expressed or implied th ereby, and are developed on assumptions
about such risks including: (a) general economic, industry and market conditions; (b) changes in
applicable laws and regulations; (c) changes in operating risks, including fluctuations in
commodity prices; (d) increa sed competition; (e) stock market volatility; (f) ability to obtain
additional financing; (g) industry consolidation; (h) the execution of strategic growth plans; and (i)
management's success in anticipating and managing the foregoing risks. In making thes e
statements, the Company has made assumptions with respect to future capital expenditures,
trends and developments in the mining industry, business strategy and outlook, expansion and
growth of business operations, accounting policies, credit risks, oppor tunities available to or
pursued by the Company, and other matters. Should one or more of these risks materialize, or
should assumptions underlying the forward -looking information or statements prove incorrect,
actual results may vary materially from those described herein as intended, planned, anticipated,
believed, estimated or expected. The Company assumes no obligation to update the forward -
looking information or 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.