RJK Explorations Ltd. has upsized its previously announced non-brokered private placement to gross proceeds of up to $150,000, increasing the target from an earlier maximum of $100,000.

The financing comprises units priced at $0.03 each. Every unit includes one common share and one common share purchase warrant, which allows the holder to purchase an additional share at $0.05 for a period of five years from the date of issuance.

Proceeds from the offering are intended to support working capital, general corporate purposes, and exploration programs across the company's properties.

The offering is subject to customary closing conditions, including the receipt of approval from the TSX Venture Exchange. The placement may close in one or more tranches without requiring a minimum amount of gross proceeds. Securities issued under the financing will be subject to a four-month and one day hold period under Canadian securities laws.

Company insiders may participate in the placement, constituting a related party transaction under Multilateral Instrument 61-101. RJK intends to rely on exemptions from formal valuation and minority approval requirements for any insider participation.

The financing comes as gold traded at US$4,407.70 per ounce as of August 12, 2026, representing a 10.19% increase over the preceding 30-day period.

Read the full announcement: RJK Explorations Ltd. Announces Upsize of Previously Announced Private Placement