Northwire Canada EditionSaturday, October 31, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
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 →

More from RJK Explorations Ltd.

Sep 14, 2026 · 20:50

RJK Explorations secured $150,000 in financing to extend its operational runway as a pre-revenue diamond explorer in Ontario.

Financings Aug 11, 2026 · 17:41

RJK Explorations raises $100,000 through a dilutive top-up at $0.03 per share to extend its operational runway.

Financings Jul 16, 2026 · 19:00

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

Financings Jun 17, 2026 · 18:35

RJK Explorations finalizes a long-pending acreage acquisition in northern Ontario, though cash burn and dilution remain primary headwinds for the company.

M&A / Property Jun 17, 2026 · 08:31

RJK Explorations stakes ground at its project, though dilution and royalties weigh on near-term upside potential for the company.

M&A / Property Jun 11, 2026 · 16:21

RJK Explorations raises $310,000 in dilutive financing to fund its pre-revenue diamond exploration activities.

Financings