/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSXV: JNN
Email: info@jnrresources.com
Website: www.jnrresources.com
SASKATOON, SK, April 17, 2012 /CNW/ - Mr. Richard Kusmirski, President
of JNR Resources Inc. (TSXV: JNN) ('JNR' or the 'Company') announces
that the Company is undertaking a non-brokered private placement in the
amount of $600,000 These funds will be raised by the Company issuing a
total of 6,000,000 units at a price of $0.10 per unit. Each unit will
consist of one 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 $0.15 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 6 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.
About JNR Resources Inc.
JNR Resources Inc. is a Canada-based junior uranium exploration company
with mineral properties in the provinces of Saskatchewan and
Newfoundland. JNR is led by a highly experienced management team with
proven discovery success in uranium as well as precious and base metal
exploration. The Company's primary focus is in the Athabasca Basin,
recognized as the most prospective uranium-mining district in the
world. JNR controls a 100% interest in six properties in the basin
totalling 193,965 hectares and an additional seven joint venture
properties totalling 129,803 hectares in which Denison Mines Corp. has
varying interests. JNR also holds a 50% interest in the 29,824-hectare
South Fork uranium property located in the Cypress Hills area of
southwestern Saskatchewan, with joint venture partner Mega Uranium Ltd.
In Newfoundland, JNR holds a 73.4% interest (Altius Mineral Corporation
26.6%) in the 6,450-hectare Rocky Brook uranium property and is also in
a 50:50 alliance with Altius on its 105,675-hectare Topsails uranium
property.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
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 news
release.