Business
Jourdan Resources Closes First Tranche of Flow-Through Private Placement Financing
TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; FRA: 2JR1) (“Jourdan” or the “Company“) is pleased to announce that it has closed
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":" TORONTO, June 12, 2023 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; FRA: 2JR1) (“Jourdan” or the “Company“) is pleased to announce that it has closed its first tranche of a previously announced non-brokered private placement financing of common shares of the Company issued on a flow-through basis (each, a “Flow-Through Share”) at a price of $0.08 per Flow-Through Share (the “Offering”) for gross proceeds of $500,000 (the “First Tranche”). For more information about the Offering, please see the Company’s press release dated March 24, 2023, which is available under the Company’s profile on SEDAR at www.sedar.com. Pursuant to the First Tranche, Jourdan issued 6,250,000 Flow-Through Shares at a price of $0.08 per share, each of which are subject to a statutory four month hold period, which expires on October 13, 2023. Completion of the Offering (including the First Tranche) is subject to receipt of final approval of the TSX Venture Exchange (“TSXV”). In connection with the First Tranche, Jourdan paid finder’s fees of $40,000 in cash and issued 500,000 non-transferable finder’s warrants (“Finder’s Warrants”) to Roche Securities Ltd. in accordance with TSXV policies. Each Finder’s Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.08 at any time prior to June 12, 2025. The Company intends to use the proceeds of the Offering to fund exploration expenses on its Baillarge lithium mining property. About Jourdan Resources Inc. Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture Exchange 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 Quebec Lithium Mine. For more information:Rene Bharti, Chief Executive Officer and PresidentEmail: [email protected]: (416) 861-5800www.jourdaninc.com Cautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the First Tranche and the Offering, including the...