RJK Explorations Ltd. Announces Private Placement for Gross Proceeds up to $310,000
RJK Explorations Ltd. Announces Private
Placement for Gross Proceeds up to $310,000
Kirkland Lake, Ontario--(Newsfile Corp. - June 11, 2026) -
RJK Explorations Ltd. (TSXV: RJX.A)
(the
"
Company
") is pleased to announce a non-brokered private placement for gross proceeds of up to
$310,000 (the "
Offering
"). The Offering will consist of the sale of units (the "
Units
") of the Company at a
price of $0.02 per Unit. Each Unit consists of one common share of the Company (a "
Common Share
")
and one Common Share purchase warrant ("
Warrant
"). Each Warrant entitles the holder to purchase
one Common Share at a price of $0.05 for a period of five years from the date of issuance. The
Company intends to use 60% of the gross proceeds for working capital and general corporate
purposes, up to 10% for investor relations and 30% to fund its exploration program on its exploration
properties.
The Offering is subject to customary closing conditions including, but not limited to, receipt of approval of
the TSX Venture Exchange. 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 pursuant to the
Offering will be subject to a four-month and one day hold period in accordance with applicable Canadian
securities laws and TSXV policies.
Certain insiders of the Company may participate in the Offering. Any participation by insiders in the
Offering will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("
MI 61- 101
"). The Company intends to
rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and
5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market
value of the participation in the Offering by insiders will not exceed 25% of the market capitalization of
the Company, as determined in accordance with MI 61-101.
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 shall 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:
Web Site:
https://www.rjkexplorations.com
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 Statements
Certain statements herein may contain forward-looking statements and forward-looking information
within the meaning of applicable securities laws. Forward-looking statements or information appear in
a number of places and can be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate" or "believes" or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements and information include statements regarding the Offering generally, the
proceeds that may be raised in connection with the Offering, the proposed use of proceeds and the
Company's exploration plans. With respect to forward-looking statements and information contained
herein, we have made numerous assumptions, including assumptions about our ability to close
additional tranches of the Offering in a timely manner, if at all, and the state of the equity markets.
Such forward-looking statements and information are subject to risks, uncertainties and other factors
which may cause the Company's actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements expressed or implied by
such forward-looking statement or information. Such risks include the ability of the Company to meet
the conditions of closing, our ability to conduct our exploration programs as planned, changes in
equity markets, share price volatility, volatility of global and local economic climate, diamond price
volatility, political developments, increases in costs, exchange rate fluctuations, speculative nature of
diamond exploration and other risks involved in the diamond exploration industry. See the
Company's annual and quarterly financial statements and management's discussion and analysis for
additional information on risks and uncertainties relating to the forward-looking statement and
information. There can be no assurance that a forward-looking statement or information referenced
herein will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements or information. Also, many of the factors are beyond the control of the
Company. Accordingly, readers should not place undue reliance on forward-looking statements or
information. We undertake no obligation to reissue or update any forward-looking statements or
information except as required by law. All forward-looking statements and information herein are
qualified by this cautionary statement.
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
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