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Financings

RJK Explorations closes $160,000 private placement

By The Northwire Desk — AI Analysis Mar 05, 2026 · 19:19 RJX · 0.025 RJK Explorations Ltd.
RJX · Price

Executive Summary

  • RJK Explorations Ltd. closed its non‑brokered private placement, raising $160,000 in total.
  • Issued 5.2 million units at $0.025 per unit and 1 million units at $0.03 per unit, each unit comprising one common share plus a purchase warrant.
  • Proceeds allocation: 80 % for working capital & general corporate purposes, 20 % to fund exploration programs on its properties.

Key Details

  • Total gross proceeds: $160,000.
  • Units issued: 5.2 million units @ $0.025/unit and 1 million units @ $0.03/unit.
  • Unit composition: 1 common share + 1 common share purchase warrant.
  • Warrant terms: Right to purchase one additional common share at $0.05 per share, exercisable for five years from issuance date.
  • Use of proceeds: $128,000 (80 %) earmarked for working capital and general corporate purposes; $32,000 (20 %) designated for financing exploration activities on RJK’s exploration properties.
  • Statutory hold period on all securities ends July 6, 2026.
  • Offering remains subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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