Algoma Steel Group Inc. press release
RJK Explorations Announces Shares for Debt Agreement
TSX - Toronto Stock Exchange ยท Canada
Jun. 16, 2010 (Canada NewsWire Group) --
RJX.A
RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") is pleased to announce that it has reached an agreement with a company which is wholly-owned by a director and officer of RJK (the "Creditor") to settle debt in the aggregate amount of approximately $166,941for management fees in connection with services previously rendered to RJK (the "Debt"). The Creditor has agreed to settle the Debt in exchange for the issuance of Class A subordinate shares in the capital of RJK ("Class A Shares") at a price of $0.05per Class A Share, for an aggregate issuance of 3,338,817 Class A Shares.
The completion of the shares for debt settlement is subject to the approval of the TSX Venture Exchange.
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.
Web Site: http://www.rjkexplorations.com