JKS Resources 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.