RJK EXPLORATIONS LTD. ANNOUNCES PRIVATE PLACEMENT.TORONTO--(BUSINESS WIRE)--APRIL 27, 1995--RJK EXPLORATIONS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : RJX.A) RJK RJK Rijeka, Croatia (Airport Code) RJK Rajajääkärikomppania (Finnish) Explorations Ltd. ("RJK") wishes to announce that on April 27, 1995 Greater Lenora Resources Corp. ("Greater Lenora") agreed to purchase by way of private placement, 545,454 units of RJK at $0.55 each, representing aggregate proceeds of approximately $300,000. Each Unit is comprised of one Class A Subordinate Voting Share and one Class A Subordinate Voting Share purchase warrant; each whole warrant entitling the holder to purchase one Class A Subordinate Voting Share for $0.75 up to and including the second anniversary of the closing. Greater Lenora is a public company listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . RJK owns approximately 16 percent of the outstanding shares of Greater Lenora and Robert J, Kasner, the controlling shareholder of RJK and the Chairman of Greater Lenora, owns approximately 5 percent of the outstanding common shares of Greater Lenora. Greater Lenora owns approximately 12 percent of the outstanding Class A Subordinate Voting Shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of RJK. Robert J. Kasner, Marvin J. Singer and Daniel Farrell are directors and/or officers of both RJK and Greater Lenora. This transaction is subject to the approval of the Alberta Stock Exchange and of the disinterested Free from bias, prejudice, or partiality. A disinterested witness is one who has no interest in the case at bar, or matter in issue, and is legally competent to give testimony. shareholders of RJK. The transaction is scheduled to close on June 20, 1995. -0- THIS PRESS RELEASE WAS PREPARED BY RJK EXPLORATIONS LTD. WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NEITHER THE ALBERTA STOCK EXCHANGE OR ANY REGULATORY AUTHORITIES OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Mr. Robert J. Kasner Telephone: 705/567-5351 |
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