Owner
Post by Franko10 ™ on Sept 11, 2004 12:59:56 GMT -5
Private Placement
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November 26, 2003 -- JNR Resources Inc. (TSX.V: JNN) announces that the Company has negotiated, subject to TSX Venture Exchange acceptance, a non-brokered private placement totalling $500,000. These funds will be raised by the Company issuing up to 5,000,000 units at a price of $0.10 per unit, each unit consisting of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of the Company for a period of two years at a price of $0.15.
The funds raised by way of this private placement will be used to further exploration on the Company's mineral properties located in Saskatchewan and for general working capital purposes.
ON BEHALF OF THE BOARD
Rick Kusmirski,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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November 26, 2003 -- JNR Resources Inc. (TSX.V: JNN) announces that the Company has negotiated, subject to TSX Venture Exchange acceptance, a non-brokered private placement totalling $500,000. These funds will be raised by the Company issuing up to 5,000,000 units at a price of $0.10 per unit, each unit consisting of one common share and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of the Company for a period of two years at a price of $0.15.
The funds raised by way of this private placement will be used to further exploration on the Company's mineral properties located in Saskatchewan and for general working capital purposes.
ON BEHALF OF THE BOARD
Rick Kusmirski,
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
