RJK Explorations Ltd. Announces Proposed Private Placement
P.O. Box 546, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3J5 Tel: (705) 567-5351 Fax: (705) 567-5557
Web Site: http://www.rjkexplorations.com
RJK Explorations Ltd. Announces Proposed Private Placement
TORONTO, ONTARIO—(March 17, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (" RJK") announces that it will
undertake a non-brokered priva te placement of units raising up to a maximum offering amount of $360,000 (the
"Offering"). Under the terms of the Offering, RJK may sell up to 2,000,000 units (the " Units") at a price of $0.18 per Unit,
each Unit comprised of one Class A Subordinate Votin g Share (" Class A Shares ") of the Corporation and one -half of one
Class A Share purchase warrant (" Warrant"), each whole Warrant entitling the holder to purchase an additional Class A
Share (“Warrant Share ”) for up to one year following its date of issue a t a price of $0.35 per Warrant Share. The Units
comprised of Class A Shares and half Warrants may be issued on a "flow -through" basis or non-"flow-through" basis, at the
investor's discretion. It is anticipated that the pricing will be the same in either c ase.
Net proceeds from the Offering will be used for mineral exploration, property option agreement payments, and general
corporate purposes.
The securities issued will be subject to a four -month statutory hold period and a TSX Venture Exchange (" TSXV") hold
period.
The Offering is subject to obtaining the prior approval of the TSXV.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward -Looking Statements: This press release contains certain "Forward -Looking Statements" within the
meaning of applicable securities legislation. We use words such as "might", "will", "should", " anticipate", "plan", "expect", "believe",
"estimate", "forecast" and similar terminology to identify forward looking statements and forward -looking information. Such statements
and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current
conditions and its expectations of future developments as well as other factors which it believes to be reasonable and releva nt. Forward-
looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results
to differ materially from those expressed or implied in the forward -looking statements and information and accordingly, readers should
not place undue reliance on such statements and informa tion. Risks and uncertainties are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authoritie s and
available at www.sedar.com. While RJK believes that the expectations expressed by such forward -looking statements and forward -
looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no
assurance that they will prove to be correct. In evaluating forward -looking statements and information, readers should carefully
consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the
forward looking statements and forward-looking information.
For further information, please contact:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567