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| | Wed Nov 11, 2009
JNR Announces Closing of Private Placement
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| | NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Saskatoon, SK, November 11, 2009 - JNR Resources Inc. ("JNR") is pleased to announce the closing of its private placement totalling $1,850,000. These funds were raised through the issue by JNR of 7,400,000 flow-through common shares at a price of $0.25 per share.
A commission of $96,000 was paid to Toll Cross Securities Inc. as consideration for arranging a portion of the private placement.
The shares issued pursuant to the Private Placement are subject to a hold period expiring March 11, 2010.
The funds raised by way of the private placement will be used for exploration programs on JNR'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. JNR has a varied interest in several prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will continue to be the focal point of JNR's exploration efforts.
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: Mon Nov 30, 2009, JNR / Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
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