Jayhawk Energy, Inc. (fka JYHW)

[OilStockReport]

Little update...

POST FALLS, ID--(Marketwire - 04/14/11) - JayHawk Energy, Inc. (OTC.BB:JYHW - News) announced today that on April 13, 2011 it closed on a private placement offering in the amount of $321,000. Under the terms of this offering, JayHawk will issue 2,675,000 shares of its common stock at $0.12 per share. No warrants are associated with this offering and the shares being issued are restricted and cannot be resold except pursuant to registration or an exemption from registration. Lindsay Gorrill, CEO of JayHawk Energy, personally contributed $144,000 or 44.9% of the offering.

Lindsay Gorrill, CEO of JayHawk Energy, stated, "I am confident the future prospects for JayHawk are very favorable and we are focused on creating additional value for our shareholders. This cash infusion will accelerate JayHawk's current operations and provide flexibility for future development opportunities. The proceeds raised will allow us to modernize existing wells to increase productivity and facilitate corporate operations and work-over activity during 2011."