Jiulian Announces Closing of Private Placement
#890 – 580 Hornby St. T: 778‐239‐0127 Vancouver BC V6C 3B6 F: 604‐687‐8678 [email protected] www.jiulianresources.com
| JIULIAN | ANNOUNCES | CLOSING OF PRIVATE PLACEMENT |
| June 15, 2018 - Jiulian Resources Inc. (“Jiulian” or the “Company”) (NEX: JLR.H) is | ||
| pleased to announce that the Company has closed its private placement (the “Offering”) | ||
| announced in its news release dated April 26, 2018. The Company issued 16,666,667 units | ||
| (“Units”) at a price of $0.06 per Unit for gross proceeds of $1,000,000. Each Unit consists of | ||
| one common share of the Company and one share purchase warrant (“Warrant”) entitling the | ||
| holder to purchase an additional common share of the Company for a period of three years at a | ||
| price of $0.10 per Warrant from the date of closing. | ||
| The Company paid finder’s fees in the amount of $29,551 and issued 492,521 broker warrants, | ||
| with each broker warrant entitling its holder to purchase one common share at $0.10 per share | ||
| for a period of twelve months from the closing date of the Offering. | ||
| The net proceeds of the Offering are intended to be used to drill at Big Kidd Cu-Au porphyry | ||
| target in the fall of 2018, to conduct further IP surveys, for mapping and prospecting, report | ||
| preparation, payment of accrued directors’ fees and for general and administrative expenses. | ||
| All securities issued pursuant to the Offering will be subject to a four month hold period, | ||
| expiring on October 16, 2018, in accordance with applicable Canadian securities laws. |
About Jiulian
Jiulian is a junior exploration public company based in Vancouver, B.C. engaged in the acquisition and exploration of mineral properties that have potential of containing metals with strong market demand. The Company’s management team consists of an experienced geologist, mining engineer, accountant and business people who have proven successful records.
To find out more about Jiulian, please visit our website at www.jiulianresources.com or contact:
Charlie Cheng, President, CEO and Director of the Company at 778-239-0127 or by email: [email protected].
On Behalf of the Board of Directors of
Jiulian Resources Inc.
“Charlie Cheng”
Charlie Cheng President, CEO and Director
This news release was prepared by management of Jiulian, which takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include the statements regarding the intended use of net proceeds of the Offering. There are numerous risks and uncertainties that could cause the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the primary healthcare sector in general; (iii) that the proceeds of the Offering may be used other than as set out in this news release and other factors beyond the control of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
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