dec 29 2008 Saskatoon, SK - JNR Resources Inc. ("JNR") is pleased to announce the closing of its private placement totalling $1,350,000. These funds were raised through the issue by JNR of 6,750,000 flow-through common shares at a price of $0.20 per share.
Commissions totalling $76,160 were paid to Toll Cross Securities Inc. and Limited Market Dealer 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 April 24, 2009.
The funds raised by way of the private placement will be used for exploration programs on JNR's properties located in 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
For further information contact JNR Resources at 306.382.2211 or 877.567.6463
