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Jourdan Announces $500,000 Private Placement at $0.05 Per Unit
TORONTO, ON / ACCESSWIRE / May 9, 2019 / Jourdan Resources Inc. (TSX-V: JOR) ("Jourdan" or t...
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":"Jourdan Announces $500,000 Private Placement at $0.05 Per UnitTORONTO, ON / ACCESSWIRE / May 9, 2019 / 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 ResourcesJourdan 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:Michael Dehn VP Exploration Tel: (647) 477-2382 Fax: ...