SASKATOON, SK, April 28 /CNW/ - JNR Resources Inc. Richard Kusmirski, President of JNR Resources Inc. (TSXV: JNN), is pleased to advise that its previously announced private placement through Toll Cross Securities Inc. ("Toll Cross") in the amount of$6,000,000 has been closed.
These funds were raised by the Company issuing a total of 4,000,000 flow-through shares at a price of $1.50 per share, to 13 placees. The shares will be subject to a four month hold period expiring August 29, 2006.
A commission of 5% of the gross proceeds received from the offering ($300,000) was paid to Toll Cross, as agent.
The funds raised by the private placement will be used for continuing exploration of the Company's uranium properties in Saskatchewan and Newfoundland,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, firstname.lastname@example.org
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