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Re: News Releases - Thursday, October 22, 2009
JNR Announces Private Placement
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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.
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Copyright (c) 2009 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
Message sent on Thu Oct 22, 2009 at 3:34:32 PM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
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CODE : JNN.V |
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JNR is a silver and gold exploration company based in Canada. JNR holds various exploration projects in Canada. Its main exploration properties are BELL LAKE, PENDLETON LAKE, KELIC LAKE, NORTH WEDGE, SOUTH DUFFERIN, SNOWBIRD PROPERTY, YURCHISON LAKE, TOPSAILS, SOUTH FORK, CRACKINGSTONE, MOORE LAKE, ROCKY BROOK, SOUTH CIGAR, LAZY EDWARD BAY, WAY LAKE, BLACK LAKE PROPERTY and NEWNHAM in Canada. JNR is listed in Canada, in Germany and in United States of America. Its market capitalisation is 4.7 millions as of today (US$ 4.7 millions, € 3.5 millions). Its stock quote reached its lowest recent point on December 31, 2003 at 0.03, and its highest recent level on December 31, 2007 at 4.50. JNR has 47 442 200 shares outstanding. |