Owner
Post by Franko10 ™ on Sept 11, 2004 12:32:51 GMT -5
Private Placement
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Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), is pleased to report that the Company and Kennecott Canada Exploration Inc. ("Kennecott") have agreed to a private placement of 3,054,600 shares of the Company for proceeds of US$400,000 (approximately C$607,800). Pursuant to applicable securities regulatory policies, the shares issued on completion of the private placement will be subject to a four month hold period commencing on the date of issuance of the shares.
Under the terms of the private placement agreement, the proceeds will be expended on further exploration of the JNR Resources / Kennecott joint venture uranium prospect properties, situated in the Athabasca Basin of Saskatchewan. For further information, please contact Dale W. Hoffman at the above-noted numbers.
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 report that the Company and Kennecott Canada Exploration Inc. ("Kennecott") have agreed to a private placement of 3,054,600 shares of the Company for proceeds of US$400,000 (approximately C$607,800). Pursuant to applicable securities regulatory policies, the shares issued on completion of the private placement will be subject to a four month hold period commencing on the date of issuance of the shares.
Under the terms of the private placement agreement, the proceeds will be expended on further exploration of the JNR Resources / Kennecott joint venture uranium prospect properties, situated in the Athabasca Basin of Saskatchewan. For further information, please contact Dale W. Hoffman at the above-noted numbers.
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.
