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Financings

RJK Completes Private Placement

By The Northwire Desk — AI Analysis Mar 05, 2026 · 17:01 RJX · 0.025 RJK Explorations Ltd.
RJX · Price

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.)

Read the original news release →

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