Jourdan Announces $1,000,000 Private Placement Flow-Through Financing
Jourdan Announces $1,000,000 Private Placement Flow-Through Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Jourdan Resources Inc. (TSX-V: JOR) (“ Jourdan” or the “Company”)
announces that it intends to complete a best efforts non-brokered private placement flow-through financing of up to 20,000,000
units (each, a “ Unit”) at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the “ Offering”). Each Unit will be
issued on a “flow-through basis” and consist of one common share of the Company and one-half of one common share
purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant entitles the holder to acquire one additional common
share of the Company at an exercise price of $0.07 for a period of 24 months from issuance.
Closing of the Offering is expected to occur on or about June 30, 2021. All securities issued in connection with the Offering will
be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of
conditions, including without limitation, receipt of TSX Venture Exchange (“ TSXV”) approval. Finder’s fees may be paid to
eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 7% of the gross
proceeds raised under the Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 7% of the number of
Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the
Company at a price of $0.07 per share for a period of 24 months following the closing date of the Offering. The Company
intends to use the net proceeds of the Offering to fund exploration expenditures on its Vallee, Pressiac, Lacorne and Baillarge
lithium mining properties and for general corporate purposes.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX-V and
2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development
of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the
La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. This mine is part of Contemporary
Amperex Technology Co. Limited (CATL), China’s largest automotive battery manufacturer.
For more information:
www.jourdaninc.com
Rene Bharti, Chief Executive Officer and President
Email: [email protected]
Phone: (416) 861-5800
Cautionary statements
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with respect to the Offering, including the Company’s
intended use of proceeds, closing conditions and timing and other matters relating thereto. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements of Jourdan to be materially
different from those expressed or implied by such forward-looking information, including but not limited to: receipt of
necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has attempted to
identify important factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Jourdan does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
NEITHER 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.