RJZ Mining Corporation

October 26, 2006 14:10 ET

RJZ Announces $1,080,000 Private Placement

CALGARY, ALBERTA--(CCNMatthews - Oct. 26, 2006) - RJZ Mining Corporation (TSX VENTURE:RJZ) ("RJZ") intends to complete a non-brokered private placement of up to 9,000,000 Common Shares at a price of $0.12 per common share for gross proceeds of up to $1,080,000.

Proceeds of the private placement will be used for exploration and development of the Magadan property in the Olsk District of the Russian Federation, investment or development in other projects and for general operating activities. The completion of the private placement is subject to regulatory approval. It is anticipated that certain insiders of RJZ will participate in the private placement.

The TSX Venture Exchange does not accept responsibility for the accuracy of adequacy of this release.

Contact Information

  • RJZ Mining Corporation
    Alan Johnson
    Chief Executive Officer
    (403) 239-0730