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Jourdan Announces First Tranche Closing Of Private Placement For $200,000
Jourdan Announces First Tranche Closing Of Private Placement For $200,000 NOT FOR DISTRIBUTI...
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":"\nJourdan Announces First Tranche Closing Of Private Placement For $200,000\n\nJourdan Announces First Tranche Closing Of Private Placement For $200,000\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES\nMississauga, Ontario CANADA, May 09, 2013 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture),(www.jourdan.ca) is pleased to announce that it closed the first tranche of a private placement (the \"Private Placement\") of up to $2 million in either units (the \"HC Units\") or flow-through units (the \"FT Units\"). The Company has raised gross proceeds of $200,000 from the sale of this first tranche of 4,000,000 FT Units at $0.05 per FT Unit.\nEach FT Unit consists of one common share of the Company (a \"Share\") issued on a flow-through basis and one-half of one Share purchase warrant (each whole, being an \"FT Warrant\"). Each FT Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.10 per Share. Each HC Unit consists of one Share and one Share purchase warrant (a \"HC Warrant\") at a price of $0.05 per HC Unit. Each HC Warrant will entitle the holder to purchase one Share for a period of 12 months at an exercise price of $0.10 per Share.\nA finder's fee of $18,000 will be payable in connection with the closing of this first tranche of the Private Placement to Marquest Capital Markets in accordance with TSX Venture Exchange policies.\nAll securities issued in connection with this first tranche of the Private Placement will be subject to a four-month hold period ending September 9, 2013. The Private Placement is subject to final approval by the TSX Venture Exchange.\nAbout Jourdan Resources\nJourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates. Jourdan also owns the Vallee Lithium Project which is located adjacent to Canada Lithium's Quebec Lithium Mine that has just commissioned the mineral processing sections of the process plant as scheduled with spodumene production being achieved on a regular basis.\nPlease visit the Company's website at www.jourdan.ca\nFor further information please contact:\nMichael Dehn        ...