JNR Resources Inc JNRRF

RE: RE: NEWS

[GenHandgrenade]

That appears to be the reason. The negative publicity generated as result of the (significant) problems at the Reactors in Japan may have long term impact on Nuclear energy production. That being said JNN is an exploration company and their fortnes depend on what they find in their exploration programs. 

By the way found this on Sedar. Looks like JNN will have the cash to drill a fe holes this spring and summer.

 

NOT FOR DISSEMINATION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

JNR Announces Closing of Private Placement

Saskatoon, SK, March 11, 2011 - JNR Resources Inc. (“JNR”) is pleased to announce the closing of its

private placement totalling $2,810,000. These funds were raised through the issue by JNR of 5,620,000

flow-through units at a price of
.50 per share. Each flow-through unit is comprised of one common

share and one-half of one common share purchase warrant. Each whole flow-through warrant will entitle

the holder to acquire one common share at an exercise price of
.65 for a period of 18 months from the

date of issuance.

A commission of $137,500 and 275,000 broker warrants entitling the holder to acquire one common share

at an exercise price of
.65 for period of 18 months from the date of issuance was paid to Toll Cross

Securities 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 July 11, 2011.

The funds raised by way of the private placement will be used for exploration programs on JNR’s

properties located in northern Saskatchewan.

JNR is a junior resource company currently engaged in the exploration and development of mineral

properties in the provinces of Saskatchewan and Newfoundland. JNR has a varied interest in several

prospective uranium properties in the Athabasca Basin of northern Saskatchewan that have been and will

continue to be the focal point of JNR’s exploration efforts.

ON BEHALF OF THE BOARD

Rick Kusmirski

President & CEO