Jourdan Announces Completion of Shares FOR Debt Settlements
NEWS RELEASE
JOURDAN ANNOUNCES COMPLETION OF SHARES FOR DEBT
SETTLEMENTS
Mississauga (Canada), April 28, 2017: JOURDAN RESOURCES I NC. (TSX-V NEX:
JOR.H) ("Jourdan" or the " Company") announces that further to its news release dated
February 27, 2017, the Company has issued 5,860,863 common shar es at the deemed
price of $0.075 per common share in settlement of outstanding debt of $439,565.
Michael Dehn, President and CEO and a Director of the Company, and Glen Wylie, a
former CFO of the Company, at the time that the transactions were completed,
participated, directly and indirectly through Avanti Management & Consul ting Limited, in
the shares for debt transactions as to re spectively an aggregate of 279,423 commons
shares for Mr. Dehn, 21,897 common shares for Mr. Wylie and 2,475,146 common shares
for Avanti for aggregate debt se ttlements of $208,235. Each of these shares for debt
transactions were exempt from the formal valuation and minority shareholder approval
requirements 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 di d not file a material change report more than 21 days
before the expected clos ing of the shares for debt transa ctions as the date of the TSXV
approval was unknown and the Company wished to close on an expedited basis for sound
business reasons upon its receipt.
All securities issued pursuant to the shares for debt transactions are subject to a four-
month hold period expiring on August 29, 2017.
Lastly, the Company want to correct the in formation provided in connection with the
closing of its unit offering on April 11, 2017. The Company paid to arm’s length finders an
aggregate amount of $68, 503.99 and issued an aggregate of 813,387 non-transferable
finder warrants.
Early Warning Pursuant to National Instrument 62-103
Upon completion of the Offering, Michael Dehn, President and CEO and a Director of the
Company, and Glen Wylie, a former CFO of the Company, acquired, directly and indirectly
through Avanti Management & Consulting Li mited, 2,754,769 common shares and
RESOURCES
RESSOURCES
2,497,043, representing 9.27% and 8.41% of the total iss ued common shares requiring
disclosure pursuant to the early warning requirements of applicable securities laws.
The deemed issue price of all the common shares issued pursuant to the Offering
was $0.075. Mr. Dehn and Mr. Wylie may, direct ly or indirectly, depending on market and
other conditions, acquire beneficial ownership of, or control or direction over, additional
common shares, through market transactions , private agreements or otherwise, in
accordance with applicable securiti es legislation. The securiti es were issued pursuant to
the exemption contained in Section 2.14 of National Instrument 45-106.
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.jourdan.ca
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.