11:19 AM EDT, 05/06/2024 (MT Newswires) -- JKS Resources ( JKSRF ) said Monday it raised C$15.2 million by completing two concurrent private placements ahead of the closure of its acquisition of Yukon exploration properties announced in January.

JKS closed a non-brokered private placement of 24.03-million subscription receipts at C$0.30 apiece for gross proceeds of C$7.21 million and 17.75-million subscription receipts at C$0.45 apiece, with a three-year half warrant to buy a share for C$0.60, for gross proceeds of C$7.99 million.

Upon completion of the Yukon Metals transaction, the company will be renamed Yukon Metals Corp. with a new board.

The company will own the AZ, Barite Mountain, Birch, Carter Gulch, Clea, Eva, Expo, Faro North, Fox, Gem, Ketza, Nut, Pete, Risby, and Talbot claims, and the Venus claims and crown grants located in Yukon for a total land package of about 18,000 hectares.

Yukon Metals' new board will be made up of chief executive Rory Quinn; Patrick Burke as chair; with directors Darryl Clark, Jim Coates and Daniel Vickerman.