SASKATOON, SK, April 10 /CNW/ - JNR Resources Inc. Mr. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN) announces that the Company has negotiated a brokered private placement with Toll Cross Securities Inc. ("Toll Cross") in the amount of $3,750,000. These funds will be raised by the Company issuing a total of 2,500,000 flow-through shares at a price of $1.50 per share. The Company has granted Toll Cross an over-allotment option on the private placement, whereby Toll Cross shall have the option to increase the size of the private placement by an additional 500,000 flow-through shares.
A commission of 5% of the gross proceeds received from the offering will be paid to Toll Cross, as Agent. The common shares will be subject to a four month hold period.
The funds raised by way of the private placement will be used for continuing exploration of the Company's uranium properties in Canada.
ON BEHALF OF THE BOARD
Richard Kusmirski President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information: JNR at (306) 382-2211 or 877-567-6463; email@example.com
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