Jordan Resources Announces Private Placement of Flow- Through and Non-Flow-Through Units
NEWS RELEASE
JORDAN RESOURCES ANNOUNCES PRIVATE PLACEMENT OF FLOW-
THROUGH AND NON-FLOW-THROUGH UNITS
Mississauga (Canada), March 1, 2018: JOURDAN RESOURCES INC. (the “Corporation”)
(TSX-V : JOR , Stuttgart: 2JR1 ) is pleased to announce a private placement (the
"Offering") comprised of: (i) up to 16,666,666 flow -through units (each a "FT Unit") at a
price of $0.075 per FT Unit, consisting of one common share (a “Share”) of the
Corporation to be issued on a “flow -through basis” and one -half of one Share purchase
warrant (each whole, a "Warrant"); and (ii) up to 12,500,000 non -flow-through units (each
a "Unit") at a price of $0.06 per Unit, consisting of one Share and one Warrant. Each
Warrant will entitle the holder to purchase one Share at $0.10 per Share at any time un til
the close of business on the day which is 24 months from the date of issue of the Warrant.
The Corporation intends to use the gross proceeds of up to $2,000,000 from the Offering
to fund exploration expenditures on its portfolio of mineral properties a nd for general
working capital. The Offering will be non -brokered and directors and officers of the
Corporation may participate in the Offering.
The securities issuable in connection with the Offering will be subject to a statutory four
month and one day hold period. Closing of the Offering is anticipated to occur in early
March 2018, and is subject to receipt of acceptance by the TSX Venture Exchange (the
"TSX-V"). Finder's fees may be payable in appropriate circumstances in connection with
the Offering, in accordance with the policies of the TSX-V.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under
the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock
Exchange. The Company is focused on the acquisition, exploration, production, and
development of mining properties in lithium . The company’s properties are primarily in
spodumene bearing pegmatite rich La Corne Batholith, around North American Lithium’s
producing Quebec Lithium Mine.
Please visit the Company’s website at www.jourdanresources.com
For further information please contact:
Michael Dehn
President and CEO
Tel: (647) 477-2382
RESOURCES
RESSOURCES
Fax: (647) 477-2389
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our
strategy, projects, plans or future financial or operating performance and other statements
that express management's expectations or estimates of future performance, ma y
constitute forward-looking information (collectively "forward-looking information") within the
meaning of Canadian securities laws. Forward -looking information may be identified by
terminology such as "may", "will", "could", "should", "expect", "plan", " anticipate", "believe",
"intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts and include, but are not limited to, resource
estimates, capital and operating expend itures, economic conditions, availability of
sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all
other timing, development, operational, financial, economic, legal, regulatory and/or
political factors that may inf luence future events or conditions. Such forward -looking
statements are based on a number of material factors and assumptions, including, but not
limited to, access to capital markets and other sources of financing and associated cost of
funds, final recei pt of any required approvals, sufficient working capital for development
and operations, access to adequate services and supplies, availability of markets for
products, commodity prices, foreign currency exchange rates, interest rates, availability of
a qualified work force, availability of manufacturing equipment, no material changes to the
tax and regulatory regime, the ultimate ability to execute business plans on economically
favourable terms and those material factors and assumptions disclosed in other public
filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect. Actual results may vary from such forward -
looking information for a variety of reaso ns, including but not limited to, risks and
uncertainties disclosed in other public Jourdan Resources filings, changes in general
economic, market and business conditions, competition for, among other things, capital
and skilled personnel, and other unfor eseen events or circumstances, that may cause the
actual financial results, performance or achievements of the Company to be materially
different from estimated future results, performance or achievements expressed or implied
by the forward-looking statements. Copies of the Company's public filings under applicable
Canadian securities laws are available at www.sedar.com. The Company further cautions
that information contained on, or accessible through, this website is current only as of the
date of filing s uch information and may be superseded by subsequent events or filings.
Other than as required by law, Jourdan Resources does not intend, and undertakes no
obligation, to update any forward looking information to reflect, among other things, new
information or future events.
Although the Company believes many of its properties have promising potential, its
properties are in the early stages of exploration. None have yet been shown to contain
proven or probable mineral reserves. There can be no assurance tha t such reserves will
be identified on any property, or that, if identified, any mineralization may be economically
extracted.
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. Statements in this release that are not historic facts
are “forward-looking statements” and readers are cautioned that any such statements are
not guarantees of future performa nce, and that actual developments or results, may vary
materially from those in these “forward-looking statements.”