Resources Inc.
Subject: JNR Announces Private Placement
PLAIN TEXT:
JNR Resources Inc. News Release
Wednesday, February 23, 2011
JNR Announces Private Placement
Not for dissemination to United States newswire services or for dissemination in the United States.
Saskatoon, SK, February 23, 2011 - Mr. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN) announces that t
--->he Company is undertaking a non-brokered private placement in the amount of $3,000,000. These funds will be raised by
--->the Company issuing a total of 6,000,000 units at a price of $0.50 per unit. Each unit will consist of one flow throug
--->h common share and one-half of one common share purchase warrant. Each full warrant is exercisable for eighteen months
---> from closing into one common share at $0.65 per share.
Commissions will be payable in connection with the private placement, in accordance with TSX Venture Exchange policies
--->. Additionally, finders warrants exercisable into common shares of JNR may be issued in an amount up to 5 per cent of
--->the number of units sold under this private placement.
The private placement is subject to the approval of the TSX Venture Exchange.
The funds raised by way of the private placement will be used for exploration programs on the Company's properties loc
--->ated in Saskatchewan.
JNR is a junior resource company currently engaged in the exploration and development of mineral properties in the pro
--->vinces of Saskatchewan and Newfoundland. The Company has a varied interest in several prospective uranium properties i
--->n the Athabasca Basin of northern Saskatchewan.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
For further information contact JNR Resources at 306.382.2211 or 877.567.6463
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can also view this News Release on our website at:
http://www.jnrresources.com/s/NewsReleases.asp?ReportID=444154
Copyright (c) 2010 JNR Resources Inc. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
To Unsubscribe from this email list, please click on the link below:
http://www.jnrresources.com/s/Unsubscribe.asp?news@stockwatch.com
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<strong>News Release - Wednesday, February 23, 2011<br />
<em>JNR Announces Private Placement</em></strong><br />
<hr />
<br />
<b>Not for dissemination to United States newswire services or for dissemination in the United States.</b><br />
<br />
Saskatoon, SK, February 23, 2011 - Mr. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN) announces that t
--->he Company is undertaking a non-brokered private placement in the amount of $3,000,000. These funds will be raised by
--->the Company issuing a total of 6,000,000 units at a price of $0.50 per unit. Each unit will consist of one flow throug
--->h common share and one-half of one common share purchase warrant. Each full warrant is exercisable for eighteen months
---> from closing into one common share at $0.65 per share. <br />
<br />
Commissions will be payable in connection with the private placement, in accordance with TSX Venture Exchange policies
--->. Additionally, finders warrants exercisable into common shares of JNR may be issued in an amount up to 5 per cent of
--->the number of units sold under this private placement.<br />
The private placement is subject to the approval of the TSX Venture Exchange.<br />
<br />
The funds raised by way of the private placement will be used for exploration programs on the Company's properties loc
--->ated in Saskatchewan.<br />
<br />
JNR is a junior resource company currently engaged in the exploration and development of mineral properties in the pro
--->vinces of Saskatchewan and Newfoundland. The Company has a varied interest in several prospective uranium properties i
--->n the Athabasca Basin of northern Saskatchewan.<br />
<br />
<b>ON BEHALF OF THE BOARD<br />
<br />
Rick Kusmirski</b><br />
President & CEO<br />
<br />
For further information contact JNR Resources at 306.382.2211 or 877.567.6463 <br />
<br />
<small><em>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polic
--->ies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</em></small>
<p><B>You can also view this News Release on our website at:</B><br>
<a href="http://www.jnrresources.com/s/NewsReleases.asp?ReportID=444154">http://www.jnrresources.com/s/NewsReleases.as
--->p?ReportID=444154</a>
<br />
<hr />
Copyright © 2010 JNR Resources Inc. (JNN-TSXV) All rights reserved. For more information visit our website at h
--->ttp://www.jnrresources.com/ or send email to info@jnrresources.com.<br />
<strong>If you wish to be <em>removed</em> from our email list, <a href="http://www.jnrresources.com/s/Unsubscribe.asp
--->?news@stockwatch.com">click here to unsubscribe</a>.</strong>
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