JKS Resources CLOSES $15 Million FINANCING on YUKON METALS PROPERTIES

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VANCOUVER, BC, May 6, 2024 /PRNewswire/ -- JKS Resources Inc. (CSE: JKS) is pleased to announce the closing of two concurrent private placements.

JKS completed a non-brokered private placement of 24,032,417 subscription receipts at a price of $0.30 per share for gross proceeds of $7,209,725.10 and 17,754,738 subscription receipts at a price of $0.45 per Unit, with a three year half warrant at $0.60, for gross proceeds of $7,989,632.10, for aggregate gross proceeds of $15,199,357.20. 

Finder's fees in the amount of $206,028.36 will be paid by the Company in connection with the Private Placement to certain arm's length parties.

For further details regarding the Transaction, see the Company's news release dated January 15, 2024.

"We would like to thank our investors for their overwhelming support of our acquisition and exploration program" said Rory Quinn, Yukon Metals' incoming Chief Executive Officer. "The demand for this private placement is indicative of the quality of the assets we were able to acquire and the quality of the Board of Directors we were able to assemble. We are proud of our high-quality investor base and that over $15 million has been raised with less than 2% payable in broker fees. We look forward to updating our investors on significant news as we move forward."

About the Yukon Metals Transaction and the Yukon Metals Properties

Upon completion of the Transaciton, the Company will be renamed Yukon Metals Corp., and a new Board or Directors will be constituted. 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 approximately 18,000 hectares. The Yukon Metals Properties are a suite of base and precious metals focused projects in the Yukon ranging from promising new discoveries to drill ready targets.

About Yukon Metals Corp.

Yukon Metals represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold's (SGD) portfolio of assets. The Yukon Metals portfolio consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component. The Company is led by an experienced Board of Directors across technical, exploration and finance disciplines.