Resources Inc.
Subject: JNR Announces Closing of Private Placement
PLAIN TEXT:
JNR Resources Inc. News Release
Friday, March 11, 2011
JNR Announces Closing of Private Placement
NOT FOR DISSEMINATION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Saskatoon, SK, March 11, 2011 - JNR Resources Inc. ("JNR") is pleased to announce the closing of its private placement
---> totalling $2,810,000. These funds were raised through the issue by JNR of 5,620,000 flow-through units at a price of
---> $0.50 per share. Each flow-through unit is comprised of one common share and one-half of one common share purchase wa
--->rrant. Each whole flow-through warrant will entitle the holder to acquire one common share at an exercise price of $0
--->.65 for a period of 18 months from the date of issuance.
A commission of $137,500 and 275,000 broker warrants entitling the holder to acquire one common share at an exercise p
--->rice of $0.65 for period of 18 months from the date of issuance was paid to Toll Cross Securities Inc. as consideratio
--->n for arranging a portion of the private placement.
The shares issued pursuant to the Private Placement are subject to a hold period expiring July 11, 2011.
The funds raised by way of the private placement will be used for exploration programs on JNR's properties located in
--->northern 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. JNR has a varied interest in several prospective uranium properties in the A
--->thabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration ef
--->forts.
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=447135
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 - Friday, March 11, 2011<br />
<em>JNR Announces Closing of Private Placement</em></strong><br />
<hr />
<br />
<b>NOT FOR DISSEMINATION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.</b><br />
<br />
<b>Saskatoon, SK, March 11, 2011 - JNR Resources Inc.</b> ("JNR") is pleased to announce the closing of its
--->private placement totalling $2,810,000. These funds were raised through the issue by JNR of 5,620,000 flow-through un
--->its at a price of $0.50 per share. Each flow-through unit is comprised of one common share and one-half of one common
--->share purchase warrant. Each whole flow-through warrant will entitle the holder to acquire one common share at an exe
--->rcise price of $0.65 for a period of 18 months from the date of issuance.<br />
<br />
A commission of $137,500 and 275,000 broker warrants entitling the holder to acquire one common share at an exercise p
--->rice of $0.65 for period of 18 months from the date of issuance was paid to Toll Cross Securities Inc. as consideratio
--->n for arranging a portion of the private placement. <br />
<br />
The shares issued pursuant to the Private Placement are subject to a hold period expiring July 11, 2011. <br />
<br />
The funds raised by way of the private placement will be used for exploration programs on JNR's properties located in
--->northern 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. JNR has a varied interest in several prospective uranium properties in the A
--->thabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration ef
--->forts.<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>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.</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=447135">http://www.jnrresources.com/s/NewsReleases.as
--->p?ReportID=447135</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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