RJK Announces Approval of Warrant Amendments
RJK Explorations (TSXV: RJX.A) has received approval from the TSX Venture Exchange for amendments to 900,000 outstanding common share purchase warrants. The warrants, originally issued during a non-brokered private placement closing December 31, 2021, will now expire on December 31, 2026. Of the total warrants, 590,000 will have a new exercise price of $0.10. Due to Exchange policies, only 90,000 of the 400,000 warrants held by an insider could have their exercise price amended.
RJK Explorations (TSXV: RJX.A) ha ricevuto l'approvazione dalla TSX Venture Exchange per le modifiche a 900.000 warrant di acquisto di azioni ordinarie in circolazione. I warrant, originariamente emessi durante un collocamento privato non intermediato che si è concluso il 31 dicembre 2021, scadranno ora il 31 dicembre 2026. Di questi warrant, 590.000 avranno un nuovo prezzo di esercizio di $0,10. A causa delle politiche della Borsa, solo 90.000 dei 400.000 warrant detenuti da un insider hanno potuto avere il loro prezzo di esercizio modificato.
RJK Explorations (TSXV: RJX.A) ha recibido la aprobación de la TSX Venture Exchange para enmiendas a 900.000 opciones de compra de acciones comunes en circulación. Las opciones, emitidas originalmente durante un cierre de colocación privada no intermediada el 31 de diciembre de 2021, ahora expirarán el 31 de diciembre de 2026. De las opciones totales, 590.000 tendrán un nuevo precio de ejercicio de $0,10. Debido a las políticas de la Bolsa, solo 90.000 de los 400.000 warrants en poder de un insider pudieron tener su precio de ejercicio modificado.
RJK Explorations (TSXV: RJX.A)는 TSX 벤처 거래소로부터 900,000개의 미결제 보통주 매수 증권 수정에 대한 승인을 받았습니다. 이 증권은 원래 2021년 12월 31일 비중개 사모 발행 당시 발행된 것으로, 이제 2026년 12월 31일에 만료됩니다. 총 증권 중 590,000개는 $0.10의 새로운 행사 가격을 가집니다. 거래소 정책에 따라 내부자가 보유한 400,000개의 증권 중에서 90,000개만 가격 수정을 할 수 있었습니다.
RJK Explorations (TSXV: RJX.A) a reçu l'approbation de la TSX Venture Exchange pour des modifications concernant 900 000 bons de souscription d'actions ordinaires en circulation. Les bons, initialement émis lors d'un placement privé non intermédié clôturé le 31 décembre 2021, expireront désormais le 31 décembre 2026. Sur le total des bons, 590 000 auront un nouveau prix d'exercice de 0,10 $. En raison des politiques de la Bourse, seuls 90 000 des 400 000 bons détenus par un initié ont pu voir leur prix d'exercice modifié.
RJK Explorations (TSXV: RJX.A) hat die Genehmigung der TSX Venture Exchange für Änderungen an 900.000 ausstehenden Kaufwarrants für Stammaktien erhalten. Die Warrants, die ursprünglich im Rahmen einer nicht-brokerierten Privatplatzierung am 31. Dezember 2021 ausgegeben wurden, laufen nun am 31. Dezember 2026 aus. Von den insgesamt Warrants werden 590.000 einen neuen Ausübungspreis von $0,10 haben. Aufgrund der Richtlinien der Börse konnten nur 90.000 der 400.000 Warrants, die von einem Insider gehalten werden, in ihrem Ausübungspreis geändert werden.
- Extension of warrant expiration date from 2021 to 2026 provides additional time for warrant holders
- Reduction in exercise price to $0.10 for 590,000 warrants makes them more attractive to exercise
- amendment of insider-held warrants (only 90,000 out of 400,000) due to Exchange restrictions
- Potential future dilution if all warrants are exercised
Kirkland Lake, Ontario--(Newsfile Corp. - December 20, 2024) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or "the Company") announces that the TSX Venture Exchange (the "Exchange") has approved the amendments (the "Amendments") to 900,000 outstanding common share purchase warrants (the "Warrants") of the Company, as previously announced in the Company's December 6, 2024 news release. All of the holders of the Warrants provided consent for the Amendments.
The Warrants were originally issued pursuant to the Company's non-brokered private placement that closed December 31, 2021. Pursuant to the Amendments, the new expiry date for all of the 900,000 Warrants shall be December 31, 2026, whereas only 590,000 of the Warrants will have a new exercise price of
Contact Information
Glenn Kasner, CEO
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. 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. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234789
FAQ
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