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JKS RES INC - $JKSRF STOCK NEWS

Welcome to our dedicated page for JKS RES news (Ticker: $JKSRF), a resource for investors and traders seeking the latest updates and insights on JKS RES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect JKS RES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of JKS RES's position in the market.

Rhea-AI Summary
JKS Resources Inc. has entered into a definitive purchase and sale agreement with 18526 Yukon Inc. to acquire all of the issued and outstanding common shares of a wholly-owned subsidiary. The Transaction will constitute a 'fundamental change' of JKS. The resulting issuer will focus on the exploration and development of mining properties in the Yukon. The Company will acquire the Properties for 25,000,000 common shares and $2,000,000 in cash. The Vendor will retain a royalty equal to 2.5% of the net smelter returns in respect of each of the Properties. Prior to the completion of the Transaction, JKS expects to complete a non-brokered private placement and a best efforts brokered private placement for exploration and working capital purposes. The Transaction is subject to certain conditions, including the completion of the Financings and satisfactory mutual due diligence.
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JKS RES INC

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United States of America