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RJK Explorations Receives $1,612,000 from Warrant Exercise

by MikeyMike426
January 5, 2021
in RJX, RJX News
0
RJK Explorations Receives $1,612,000 from Warrant Exercise

Kirkland Lake, Ontario – January 4, 2021 – RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) (“RJK” or “the Company”) is pleased to announce that warrants attached to the December 23rd and 31st, 2019 financing’s have been exercised with a cumulative value of $1,612,000.

Glenn Kasner, President and CEO of the Company, stated, “We’ve experienced tremendous support from our shareholders throughout a very difficult 2020. In only twelve months and with substantial downtime due to COVID-19 rules, RJK has discovered five large kimberlite bodies. Proceeds from these warrants will be used to test for diamonds within the existing discoveries, and to drill test additional targets in the Cobalt mining camp.”

Contact Information
Glenn Kasner, President
Mobile: (705) 568-7567
Email: info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com
Company Information:Tel: (705) 568-7445

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.

Forward Looking Information

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning the settlement of outstanding debt. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “propose” and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the Company not receiving TSX Venture Exchange acceptance of the proposed debt settlement. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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Currently we have 2 porphyry systems identified by @GoldspotD at the #ReyLake & #LuckyMike areas which need further drilling. In addition, we now have over 20 target areas to focus on, giving the 120km² Project potential to host a cluster of deposits.

https://arcpacific.ca/news-releases/goldspot-identifies-24-targets-and-confirms-presence-of-porphyry-system-at-lmsl-copper-gold-molybdenum-silver-project/

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20h 1529475172616622080

While expanding the roads to access higher up the mountain, @ResourcesWalker $WRR exposed a 1000 foot wide section of alteration they now call the cut. What's cool is that this system can be traced from the mill up to 8,500 feet!

Check it out!

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21h 1529461389500329985

Lots of drill results coming for @DeltaResLimited $DLTA from Delta 2 projects this year!

Stay tuned for the first 36 holes in the coming weeks!

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Are you familiar with The Hope Brook #Gold Project in #NewFoundland currently being expanded by @BigRidgeBRAU $BRAU?

If not, you should take some time to review our detailed case study on the project!

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The Hope Brook Gold Project – Big Ridge Gold Corp. (TSX.V – BRAU)

Introduction Big Ridge Gold recently entered into an earn-in Agreement with First Mining Gold Corp. on the Hope Brook Gold

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