Jourdan Announces $500,000 Private Placement at $0.05 PER Unit
JOURDAN ANNOUNCES $500,000 PRIVATE PLACEMENT AT $0.05
PER UNIT
May 9, 2019, Toronto, Ontario – Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”)
announces that it intends to complete a best efforts partially brokered private placement financing of
up to 10,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to
$500,000.00 (the “Offering”). Each Unit will consist of one common share of the Company (each, a
“Common Share”) and one-half Common Share purchase warrant (each, a “Warrant”) , entitling the
holder to acquire one additional Common Share at an exercise price of $0.06 for a period of 24 months
from issuance . If at any time after four months and one day from the closing of the Offering, the
Common Shares trade at $0.15 per Common Share or higher on the TSX Venture Exchange (“TSX-V”)
for a period of 30 consecutive days, the Company will have the right (but not the obligation) to
accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news
release announcing that it has elected to exercise this acceleration right.
Closing of the Offering is expected to occur on or about May 31, 2019. 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-V approval.
The Company may pay a finder’s fee to one or more brokers in connection with the Offering . The
Company intends to use the proceeds of the Offering to continue to develop its Vallée Lithium Project in
Quebec 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 Cor ne 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:
Michael Dehn
VP Exploration
Tel: (647) 477-2382
Fax: (647) 477-2389
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 regarding, the projected
economics of its projects, the Company’s understanding of its projects, success of exploration activities,
statements with respect to the development potential and timetable of its projects and Jourdan, estimation of
mineral resources, the intended use of proceeds, closing conditions and timing and other matters relating to
the Offering . 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 di fferent 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; acciden ts, 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 ot her
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.
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.