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Message: closes private placement for $1.3-million

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closes private placement for $1.3-million

posted on Jan 05, 09 07:05AM

JNR Resources closes private placement for $1.3-million
2008-12-30 15:54 ET - News Release

Mr. Rick Kusmirski reports

JNR ANNOUNCES CLOSING OF PRIVATE PLACEMENT

JNR Resources Inc. is closing its private placement totalling $1.35-million. These moneys were raised through the issue by JNR Resources of 6.75 million flow-through common shares at a price of 20 cents 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 moneys raised by way of the private placement will be used for exploration programs on JNR Resources' properties located in Saskatchewan.

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