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Jourdan Announces Brokered Financing with Mackie Research Capital
Jourdan Announces Brokered Financing with Mackie Research Capital * Financing to consist of...
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":"Jourdan Announces Brokered Financing with Mackie Research CapitalJourdan Announces Brokered Financing with Mackie Research Capital\n* Financing to consist of a minimum issue size of 35,000 flow-through units, to a maximum of 150,000 flow-through units,  at a price of $10 per flow-through unit\n* Flow Through Units are 80% flow-through, 20% non flow-through dollars\n* Proceeds to be used to advance the Jourdan's Quebec Phosphate Properties and general working purposes\nToronto CANADA, November 26, 2013 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture), (\"JOURDAN\" or the \"Company\") (www.jourdan.ca) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation (\"MRCC\" or the \"Agent\") for a brokered private placement offering of up to 150,000 flow-through units (the \"FT Units\"). \nEach FT Unit shall consist of 160 Flow-Through common shares and 40 common shares (80%-20%) of the share capital of the Company, and Two Hundred (200) common share purchase warrants (each being a \"Warrant\").\nEach Warrant entitles its holder thereof to purchase one additional common share at a price of $0.10 for a period of 30 months from the Closing Date.\nIf, at any time after the Hold Period, the common shares close for ten consecutive trading days at a volume weighted average trading price above $0.25, the Corporation will have the right to require conversion of the Warrants (the \"Acceleration Right\") at the exercise price by providing a notice (the \"Conversion Notice\") to the warrant holders. Upon issuance of the Conversion Notice the holder must exercise the warrants then held in accordance with their terms within 30 days of receipt of such notification (the \"Conversion Deadline\"), after which Conversion Deadline any unexercised warrants will be deemed to have expired.\nThe Agent may increase the number of FT Units by 15% at any time on or prior to the Closing Date.\nThe Agent will receive a cash commission of 9% of the gross proceeds of the Offering, as well as Agent's Warrants, equal to  9% of the aggregate number of shares sold under the offering (the \"Agent's Warrants\") exercisable at a price of $0.10 per Agent Warrant for a period of 30 months from the Closing Date. \nClosing is expected on or about December 19, 2013.\nMRCC shall be the exclusive lead manager and so...