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| | Fri Jul 17, 2009
JNR Increases Private Placement
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| | NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Saskatoon, SK, July 17, 2009 - Mr. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN) announces that due to strong demand, JNR has agreed to increase the financing announced on July 14, 2009 by $125,000 to $325,000. These funds will be raised by the Company issuing a total of 1,300,000 flow-through shares at a price of $0.25 per share. The offering is fully subscribed.
Commissions will be payable in connection with the private placement, in accordance with TSX Venture Exchange policies. The private placement is subject to the approval of the TSX Venture Exchange.
The funds raised by way of the private placement will be used for exploration programs on the Company's properties located in Newfoundland.
JNR is a junior resource company currently engaged in the exploration and development of mineral properties in the provinces of Saskatchewan and Newfoundland. The Company has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan.
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. |
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| | You can view the Next News Releases item: Tue Jul 21, 2009, JNR Provides Exploration Update on Topsails Uranium Project, Newfoundland
You can view the Previous News Releases item: Thu Jul 16, 2009, JNR Intersects Uranium/Thorium Mineralization at Way Lake
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