RJK Announces Approval of Warrant Amendments
RJK Explorations has received approval from the TSX Venture Exchange for amendments to 8,057,363 outstanding common share purchase warrants. The key changes include extending the expiry date to May 20, 2027 for all warrants, which were originally issued through a non-brokered private placement in May-June 2022. Additionally, 2,947,099 warrants will have their exercise price reduced from $0.25 to $0.12. Of the 5,916,000 Insider Warrants held by a company insider, only 805,736 are eligible for the exercise price amendment, while the rest maintain their original exercise price.
RJK Explorations ha ottenuto l'approvazione dalla TSX Venture Exchange per modifiche a 8.057.363 warrant di acquisto di azioni ordinarie in circolazione. Le principali modifiche includono l'estensione della data di scadenza a 20 maggio 2027 per tutti i warrant, originariamente emessi tramite un collocamento privato senza intermediari tra maggio e giugno 2022. Inoltre, il prezzo di esercizio di 2.947.099 warrant sarà ridotto da 0,25$ a 0,12$. Dei 5.916.000 Insider Warrants detenuti da un insider della società, solo 805.736 potranno beneficiare della modifica del prezzo di esercizio, mentre gli altri manterranno il prezzo originario.
RJK Explorations ha recibido la aprobación de la TSX Venture Exchange para enmiendas a 8,057,363 warrants de compra de acciones comunes en circulación. Los cambios clave incluyen extender la fecha de vencimiento hasta el 20 de mayo de 2027 para todos los warrants, que fueron emitidos originalmente mediante una colocación privada sin intermediarios en mayo-junio de 2022. Además, el precio de ejercicio de 2,947,099 warrants se reducirá de $0.25 a $0.12. De los 5,916,000 Insider Warrants en manos de un insider de la empresa, solo 805,736 son elegibles para la modificación del precio de ejercicio, mientras que el resto mantiene su precio original.
RJK Explorations는 TSX 벤처 거래소로부터 8,057,363개의 미결제 보통주 매수 워런트 수정에 대한 승인을 받았습니다. 주요 변경 사항으로는 2022년 5월에서 6월 사이 비중개 사모 발행을 통해 발행된 모든 워런트의 만료일을 2027년 5월 20일로 연장하는 것이 포함됩니다. 또한 2,947,099개의 워런트의 행사가격이 0.25달러에서 0.12달러로 인하됩니다. 회사 내부자가 보유한 5,916,000개의 내부자 워런트 중 805,736개만이 행사가격 수정 대상이며 나머지는 원래의 행사가격을 유지합니다.
RJK Explorations a obtenu l'approbation de la TSX Venture Exchange pour des modifications concernant 8 057 363 bons de souscription d'actions ordinaires en circulation. Les changements principaux incluent la prolongation de la date d'expiration au 20 mai 2027 pour tous les bons, initialement émis lors d'un placement privé sans courtier en mai-juin 2022. De plus, le prix d'exercice de 2 947 099 bons sera réduit de 0,25 $ à 0,12 $. Sur les 5 916 000 bons d'initiés détenus par un initié de la société, seuls 805 736 sont éligibles à la modification du prix d'exercice, tandis que les autres conservent leur prix d'exercice initial.
RJK Explorations hat von der TSX Venture Exchange die Genehmigung für Änderungen an 8.057.363 ausstehenden Kaufoptionen auf Stammaktien erhalten. Die wichtigsten Änderungen umfassen die Verlängerung des Verfallsdatums auf den 20. Mai 2027 für alle Optionen, die ursprünglich im Rahmen einer nicht vermittelten Privatplatzierung im Mai-Juni 2022 ausgegeben wurden. Zusätzlich wird der Ausübungspreis von 2.947.099 Optionen von 0,25 $ auf 0,12 $ gesenkt. Von den 5.916.000 Insider-Warrants, die von einem Unternehmensinsider gehalten werden, sind nur 805.736 für die Anpassung des Ausübungspreises berechtigt, während der Rest den ursprünglichen Ausübungspreis beibehält.
- Exercise price reduction from $0.25 to $0.12 for 2,947,099 warrants makes them more attractive to exercise
- Extension of warrant expiry date to May 20, 2027 provides more time for potential exercise
- Significant portion of warrants (5,916,000) are held by insiders, indicating high insider control
- Warrant amendments could lead to potential dilution if exercised
Kirkland Lake, Ontario--(Newsfile Corp. - May 14, 2025) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or "the Company") announces that the TSX Venture Exchange (the "Exchange") has approved amendments (the "Amendments") to 8,057,363 outstanding common share purchase warrants (the "Warrants") of the Company, as previously announced in the Company's 13 May 2025 news release.
The Warrants were originally issued pursuant to the Company's non-brokered private placement that closed in two tranches on May 20, 2022 and June 15, 2022. Pursuant to the Amendments, the new expiry date for all of the 8,057,363 Warrants shall be May 20, 2027.
2,947,099 of the Warrants will also have their exercise price reduced from
Contact Information
Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release includes certain forward-looking statements. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "will", "anticipate", "believe", "plan", "estimate", "expect", "intend", "propose" and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252105
FAQ
What changes were made to RJK Explorations (RJKAF) warrants in May 2025?
How many insider warrants of RJK Explorations (RJKAF) are eligible for price amendment?
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What is the new exercise price for eligible RJK Explorations (RJKAF) warrants?
