 |
 
| | Thu Oct 22, 2009
JNR Announces Private Placement
|
| | NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Saskatoon, SK, October 22, 2009 - Mr. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN) announces that the Company is undertaking a non-brokered private placement in the amount of $2,000,000. These funds will be raised by the Company issuing a total of 8,000,000 flow-through shares at a price of $0.25 per share.
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 Saskatchewan.
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. |
| |
| | You can view the Next News Releases item: Wed Nov 11, 2009, JNR Announces Closing of Private Placement
You can view the Previous News Releases item: Thu Sep 17, 2009, JNR Announces Results of Airborne Surveys on the Black Lake & Newnham Lake Uranium Projects
You can return to the main News Releases page, or press the Back button on your browser.
|
|
| |
