Owner
Post by Franko10 ™ on Sept 11, 2004 12:27:31 GMT -5
News Release
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Mr. Dale W. Hoffman, President of JNR Resources Inc.(the "Company"), is pleased to announce that the Company has negotiated a non-brokered private placement of 666,667 flow-through units at a price of $0.15 per unit, for total proceeds of $100,000. Each unit consists of one common share and one warrant to purchase an additional common share for two years at an exercise price of $0.17 per share. The proceeds from this private placement will be used to fund the ongoing Athabasca Basin uranium exploration program. The private placement transaction is subject to acceptance by the Canadian Venture Exchange and any other regulatory authority having jurisdiction.
The common shares and any shares issued upon exercise of the warrants forming part of the units will be subject to a "hold period" of four months from the date of closing.
JNR RESOURCES INC.
Per:
Dale W. Hoffman,
President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.
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Mr. Dale W. Hoffman, President of JNR Resources Inc.(the "Company"), is pleased to announce that the Company has negotiated a non-brokered private placement of 666,667 flow-through units at a price of $0.15 per unit, for total proceeds of $100,000. Each unit consists of one common share and one warrant to purchase an additional common share for two years at an exercise price of $0.17 per share. The proceeds from this private placement will be used to fund the ongoing Athabasca Basin uranium exploration program. The private placement transaction is subject to acceptance by the Canadian Venture Exchange and any other regulatory authority having jurisdiction.
The common shares and any shares issued upon exercise of the warrants forming part of the units will be subject to a "hold period" of four months from the date of closing.
JNR RESOURCES INC.
Per:
Dale W. Hoffman,
President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.
