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Re: News Release - Monday, December 29, 2008
Jnr Announces Closing Of Private Placement
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Saskatoon, SK - JNR Resources Inc. ("JNR") is pleased to announce the
closing of its private placement totalling $1,350,000. These funds
were raised through the issue by JNR of 6,750,000 flow-through common
shares at a price of $0.20 per share.
Commissions totalling $76,160 were paid to Toll Cross Securities Inc.
and Limited Market Dealer Inc., as consideration for arranging a
portion of the private placement.
The shares issued pursuant to the Private Placement are subject to a
hold period expiring April 24, 2009.
The funds raised by way of the private placement will be used for
exploration programs on JNR's properties located in Saskatchewan.
JNR is a junior resource company currently engaged in the exploration
and development of mineral properties in the provinces of Saskatchewan
and Newfoundland. JNR has a varied interest in several prospective
uranium properties in the Athabasca Basin of northern Saskatchewan that
have been and will continue to be the focal point of JNR's exploration
efforts.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
For further information contact JNR Resources at 306.382.2211 or
877.567.6463
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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Copyright (c) 2008 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
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JNR Resources
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EXPLORATION STAGE |
CODE : JNN.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
JNR is a silver and gold exploration company based in Canada. JNR holds various exploration projects in Canada. Its main exploration properties are BELL LAKE, PENDLETON LAKE, KELIC LAKE, NORTH WEDGE, SOUTH DUFFERIN, SNOWBIRD PROPERTY, YURCHISON LAKE, TOPSAILS, SOUTH FORK, CRACKINGSTONE, MOORE LAKE, ROCKY BROOK, SOUTH CIGAR, LAZY EDWARD BAY, WAY LAKE, BLACK LAKE PROPERTY and NEWNHAM in Canada. JNR is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 11.5 millions as of today (US$ 11.4 millions, € 8.4 millions). Its stock quote reached its lowest recent point on December 31, 2003 at CA$ 0.03, and its highest recent level on December 31, 2007 at CA$ 4.50. JNR has 114 620 000 shares outstanding. |