SASKATOON, April 12 /CNW/ - JNR Resources Inc. Richard Kusmirski, President of JNR Resources Inc. (TSXV:JNN), announces that its previously announced private placement with Toll Cross Securities Inc. ("Toll Cross") in the amount of $3,750,000 has been increased to $6,000,000. These funds will be raised by the Company issuing a total of 4,000,000 flow-through shares at a price of $1.50 per share.
A commission of 5% of the gross proceeds received from the offering will be paid to Toll Cross, as Agent. The 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
President & CEO
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
For further information: contact JNR at (306) 382-2211 or (877) 567-6463, email@example.com
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