RJK Explorations Ltd. announced a non-brokered private placement of 8,057,363 units at a price of CAD 0.11 for gross proceeds of CAD 432,503.17 on May 20, 2022. Each unit consists of Class A Subordinate Voting Share and one common share purchase warrant. Each warrant entitles the holder to received one common share at a price of CAD 0.25 per warrant.

The warrants will mature on May 20, 2025. The transaction included participation from Great Lakes Nickel Limited for 5,916,000 units out of which 1,790,484 units is subscribed in current transaction for proceeds of CAD 196,953.24 and 4,125,516 units is kept in escrow and will be released pending the investor's satisfaction of certain requirements of the TSX Venture Exchange. The transaction is subject to approval from TSX Venture Exchange.

The securities will be subject to a hold period of four months from the date of issuance.