RJK Explorations Ltd. Upsizes Private Placement to $150,000

RJK Explorations Ltd., based in Kirkland Lake, has announced an increase in its previously stated private placement offering, raising it from $100,000 to $150,000. This non-brokered private placement involves the sale of units at $0.03 each. Each unit includes one common share and a warrant, allowing the purchase of an additional share at $0.05 for five years.

The funds will support the company's general corporate needs and specific exploration ventures. The offering remains subject to TSX Venture Exchange's approval and may close in separate tranches without a minimum required amount. Participation by company insiders is possible, entailing a "related party transaction" as defined by MI 61-101. The offering's securities remain unregistered in the U.S. under the Securities Act of 1933, limiting their sale to either registered transactions or lawful exemptions.