Mr. Glenn Kasner reports
RJK EXPLORATIONS LTD. ANNOUNCES UPSIZE OF PRIVATE PLACEMENT
RJK Explorations Ltd. has increased the size of its private placement, previously announced on Jan. 23, 2026, to raise aggregate gross proceeds of up to $160,000. In addition to the previously announced 5.2 million units of the company offered at a price of 2.5 cents per unit, the company will offer an additional one million units at a price of three cents per unit. All units will be composed of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of five cents for a period of five years from the date of issuance. The company intends to use 80 per cent of the gross proceeds for working capital and general corporate purposes, and 20 per cent to finance its exploration program on its exploration properties.
The offering is subject to customary closing conditions, including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches, and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX Venture Exchange policies.
We seek Safe Harbor.
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