RJK Explorations Ltd. Announces Private Placement for Gross Proceeds up to $130,000

Core Viewpoint - RJK Explorations Ltd. is initiating a non-brokered private placement to raise gross proceeds of up to $130,000 through the sale of units priced at $0.025 each, with a significant portion allocated for working capital and exploration programs [1][2]. Group 1: Offering Details - The Offering will consist of units, each comprising one common share and one purchase warrant, with the warrant allowing the purchase of an additional common share at $0.05 for five years [1]. - The Company plans to allocate 80% of the proceeds for working capital and general corporate purposes, while 20% will fund its exploration program [1]. - The Offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and may close in multiple tranches without a minimum gross proceeds requirement [2]. Group 2: Insider Participation - Certain insiders may participate in the Offering, which will be classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The Company intends to rely on exemptions from formal valuation and minority approval requirements, as insider participation is not expected to exceed 25% of the Company's market capitalization [3]. Group 3: Regulatory and Legal Considerations - The securities offered have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States without registration or an applicable exemption [4]. - The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the release [5].