Jourdan Announces Closing of Private Placement
NEWS RELEASE
JOURDAN ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Mississauga (Canada), April 11, 2017: JOURDAN RESOURCES I NC. (TSX-V NEX:
JOR.H) (" Jourdan" or the " Company") is pleased to announce that it has closed its
oversubscribed non-brokered private placement previous ly announced in its press
releases dated March 21, 2017. The Company issued an aggregate of 16,100,000 units at
a price of $0.075 per unit for aggregate gross proceeds of $1,207,500 (the “Offering”).
The net proceeds from the private placement will be used for working capital, advancing
exploration on Quebec lithium properties and acquisitions.
Each Unit is comprised of one (1) common share in the capital of the Company (a
"Common Share ") and one half of on e (1) Common Share pur chase warrant (a
"Warrant"). Each whole Warrant ent itles the holder thereof to purchase one (1) Common
Share at an exercise pr ice of $0.10 per share unt il April 10, 2018 (the " Warrant Expiry
Date").
In the event that, during the period follo wing 12 months from the Closing Date, the
volume-weighted average trading price of the Common Shares on the TSX Venture
Exchange exceeds $0.25 per Common Share fo r any period of 10 consecutive trading
days, the Company may, at its option, following such 10- day period, accelerate the
Warrant Expiry Date by delivery of notice to the registered holders (an " Acceleration
Notice") thereof and issuing a press release (a " Warrant Acceleration Press Release ",
and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Toronto
time) on the 30th day following the later of (i) the date on which the Acceleration Notice is
sent to Warrant holders, and ( ii) the date of issuance of th e Warrant Acceleration Press
Release.
In connection with the Offering, the Company paid to arm’s length finders an aggregate
amount of $75,503.98 and issued an aggregat e of 880,053 non transferable finder
warrants (the "Finder Warrants") having the same terms as the Warrants.
Michael Dehn, President and CEO and a Director of the Company, indirectly through
Avanti Management & Consulting Limited, and Maxime Lemieux, Corporate Secretary and
a Director of the Company, at the time that the Offering was completed, participated in the
Offering as to respectively an aggregate of 639,336 Units and 40,000 Units for total
RESOURCES
RESSOURCES
proceeds of $50,950.20. Accordingly, the Offering constitu ted to that extent a "related
party transaction" under MI 61-101. The transa ction is exempt from the formal valuation
and minority shareholder approval requirement s under MI 61-101 as neither the fair
market value of any securities issued to or the consideration paid by such persons
exceeds 25% of the Company's market capitalization. The Company did not file a material
change report more than 21 days before the ex pected closing of the Offering as the
details of the Offering and the participation therein by related parties of the Company were
not settled until shortly prior to closing and the Company wished to close on an expedited
basis for sound business reasons.
All securities issued pursuant to the Offe ring are subject to a four-month hold period
expiring on August 11, 2017.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under
the symbol JOR.H on the TSX Venture NEX Exchange. The Co mpany is focused on the
acquisition, exploration, production, and development of mining properties in lithium.
Please visit the Company’s website at www.jourdanresources.com
For further information please contact:
Michael Dehn
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, in cluding any information as to our strategy, projects,
plans or future financial or operating performanc e and other statements t hat express management's
expectations or estimates of future performance, may constitute forward-looking information (collectively
"forward-looking information") within the meaning of Ca nadian securities laws. Forward-looking information
may be identified by terminology such as "may", "w ill", "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 expenditures, economic conditions, availab ility 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 influence 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 source s of financing and associated cost of funds, final
receipt of any required approvals, sufficient work ing capital for development and operations, access to
adequate services and supplies, availa bility of markets for products, commodity prices, foreign currency
exchange rates, interest rates, availability of a qua lified 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 fact ors 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 fr om such forward-looking information for a variety of
reasons, including but not limited to, risks and uncert ainties disclosed in other public Jourdan Resources
filings, changes in general economic, market and busi ness conditions, competition for, among other things,
capital and skilled personnel, and other unforeseen event s 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 express ed 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 in formation contained on, or accessible through, this
website is current only as of t he date of filing such 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 ha ve promising potential, its properties are in the
early stages of exploration. None have yet been s hown to contain proven or probable mineral reserves.
There can be no assurance that 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 Se rvices Provider (as that term is defined in the
policies of the TSX Venture Exchange ) accepts responsibility fo r the adequacy or accura cy of this release.
Statements in this release that are not historic fa cts are “forward-looking st atements” and readers are
cautioned that any such statements are not guarantees of future performance, and that actual developments
or results, may vary materially from those in these “forward-looking statement.