RJK Completes Private Placement

Executive Summary

• RJK Explorations Ltd. closed its non‑brokered private placement, raising a total of $160,000.
• The offering consisted of 5,200,000 Units at $0.025 per Unit and 1,000,000 Units at $0.03 per Unit, each unit containing one common share and one warrant to purchase an additional share at $0.05 for five years.
• Proceeds will be allocated 80% to working capital/general corporate purposes and 20% to fund the company’s exploration program.

Key Details

• Total gross proceeds: $160,000.
• Units issued: 6,200,000 Units (5,200,000 @ $0.025 + 1,000,000 @ $0.03).
• Unit composition: 1 common share + 1 warrant per unit.
• Warrant terms: Right to purchase one common share at $0.05, exercisable for five years from issuance.
• Use of proceeds: 80% working capital & general corporate purposes; 20% exploration program on company’s properties.
• Statutory hold period ends July 6, 2026.
• Offering remains subject to final acceptance by the TSX Venture Exchange.
• Securities not registered under U.S. securities laws; sale prohibited in the United States absent exemption or registration.

Notable Quotes

(No executive quotes were included in the release.)