RJK Explorations Ltd. Announces Upsize of Private Placement

Executive Summary

• RJK Explorations Ltd. increased its private placement offering to raise up to $160,000 in gross proceeds.
• The company will now issue a total of 6,200,000 units (5,200,000 at $0.025 per unit and an additional 1,000,000 at $0.03 per unit).
• Proceeds are earmarked 80 % for working capital/general corporate purposes and 20 % for funding its exploration program.

Key Details

• Offering Size: Up to $160,000 aggregate gross proceeds.
• Units Offered:
• Existing: 5,200,000 units @ $0.025 per unit.
• Additional: 1,000,000 units @ $0.03 per unit.
• Unit Composition: Each unit consists of one common share and one common‑share purchase warrant.
• Warrant Terms: One warrant per unit; each warrants the holder the right to purchase one additional common share at $0.05 for a period of five years from issuance.
• Use of Proceeds:
• 80 % (≈ $128,000) – Working capital and general corporate purposes.
• 20 % (≈ $32,000) – Funding exploration activities on the company’s properties.
• Closing Conditions: Subject to customary conditions, including TSX Venture Exchange approval; may close in one or more tranches; no minimum proceeds required.
• Holding Period: Securities subject to a four‑month and one‑day hold period per Canadian securities law and TSXV policies.
• Regulatory Notice: Units not registered under the U.S. Securities Act; cannot be offered/sold in the United States absent exemption or registration.

Notable Quotes

(No CEO/President quotes were included in the release.)