RJK Explorations Ltd. Completes $310,000 Private Placement

RJK Explorations Ltd. announced the successful closure of its non-brokered private placement, raising $310,000. The placement involved the sale of 15,500,000 units at $0.02 per unit, each comprising one common share and one warrant. These warrants permit the purchase of an additional common share at $0.05 for five years. The proceeds are earmarked for corporate activities, with 60% allocated for working capital, 10% for investor relations, and 30% dedicated to exploration programs.

The deal awaits final approval from the TSX Venture Exchange. Securities from this offering are subject to a four-month hold, adhering to Canadian regulations. Insider participation was significant, qualifying as a related party transaction under MI 61-101. Exemptions were applied due to the offering's alignment with market capitalization standards.