Mr. Rick Kusmirski reports
JNR INCREASES PRIVATE PLACEMENT
Due to
strong demand, JNR Resources Inc. has agreed to increase the private placement
announced in Stockwatch on Aug. 3, 2010, to $400,095 from $250,000. This financing will
be raised by the company issuing a total of 2,353,500 units at a price
of 17 cents per unit, each unit consisting of one common share and one
common share purchase warrant. Each warrant will entitle the holder to
acquire one additional common share for a period of two years at a
price of 25 cents in the first 12 months and at a price of 30
cents thereafter.
The private placement is subject to the approval of the TSX Venture
Exchange.
The financing raised by way of the private placement will be used for
exploration programs on the company's properties located in
Saskatchewan and Newfoundland.
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