Re: News Release - Wednesday, November 11, 2009
JNR Announces Closing of Private Placement
Not for dissemination to United States newswire services or for
dissemination in the United States.
Saskatoon, SK, November 11, 2009 - JNR Resources Inc. ("JNR") is
pleased to announce the closing of its private placement totalling
$1,850,000. These funds were raised through the issue by JNR of
7,400,000 flow-through common shares at a price of $0.25 per share.
A commission of $96,000 was paid to Toll Cross Securities 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 March 11, 2010.
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
ON BEHALF OF THE BOARD
President & CEO
For further information contact JNR Resources at 306.382.2211 or
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.
Copyright (c) 2009 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:email@example.com