Northwire Canada EditionTuesday, September 15, 2026
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Financings Routine +

RJK Explorations Ltd. Announces Closing of Private Placement for Gross Proceeds of $310,000

By The Northwire Desk — AI Analysis Jul 16, 2026 · 19:00 RJX · 0.03 RJK Explorations Ltd.
RJX · Price

RJK Explorations Ltd. (TSXV: RJX) announced the closing of a non-brokered private placement that raised gross proceeds of $310,000 CAD. The offering consisted of 15,500,000 units priced at $0.02 per unit, with each unit comprising one common share and one warrant.

Each unit includes one warrant entitling the holder to purchase one common share at an exercise price of $0.05 for a period of five years from issuance. The company intends to allocate the proceeds primarily to working capital, accounting for 60% of the funds, and to fund its exploration program, which will receive 30%. Up to 10% of the proceeds will be directed toward investor relations.

Certain insiders participated in the offering, constituting a "related party transaction" under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority approval requirements, determining that the fair market value of insider participation did not exceed 25% of the company's market capitalization.

The offering is subject to final approval by the TSX Venture Exchange (TSXV). Securities are subject to a four-month and one-day hold period under Canadian securities laws and TSXV policies. The offering is intended for distribution in Canada only and is not for distribution in the United States. Securities are not registered under the U.S. Securities Act of 1933.

Read the original news release →

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