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Post by Franko10 ™ on Sept 11, 2004 12:33:23 GMT -5
Private Placement
-------------------------------------------------------------------------------- Mr. Dale W. Hoffman, the President of JNR Resources Inc. (the "Company"), is pleased to announce that the Company has completed the private placement for a total of 3,054,600 common shares (the "Private Placement Shares") in the capital stock of the Company at US$0.13095 (Cdn.$0.19897) per share to net the treasury an aggregate of US$400,000 (Cdn.$607,800).
The Private Placement Shares will be subject to a "hold period" of four months expiring on May 10, 2001.
As disclosed in the Company's News Release dated December 20, 2000, the proceeds will be expended on further exploration of the JNR Resources Inc./Kennecott Canada Exploration Inc. joint venture uranium prospect properties, situated in the Athabasca Basin of Saskatchewan.
JNR Resources Inc.
Per:
Dale W. Hoffman, President
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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