Business
Jourdan Resources Upsizes Private Placement Financing
TORONTO, July 21, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (“Jourdan” or the “Company”) is pleased to announce that as
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":" TORONTO, July 21, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (“Jourdan” or the “Company”) is pleased to announce that as a result of increased investor demand the Company is increasing its previously announced private placement financing (the “Initial Offering”) of common shares issued on a flow-through basis (the “Flow-Through Shares”) from up to 10,000,000 Flow-Through Shares to up to 14,000,000 Flow-Through Shares at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds from the issuance of both units and Flow-Through Shares of up to $2.4 million (the “Upsized Offering”). For more information about the Initial Offering and details of the units to be issued thereunder, please see the Company’s press release dated June 29, 2022, which is available under the Company’s SEDAR profile at www.sedar.com. Closing of the Upsized Offering is expected to occur by the end of July 2022. All securities issued in connection with the Upsized Offering will be subject to a statutory hold period of four-months and one day. Completion of the Upsized Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange (“TSXV”) approval. Finder’s fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 9% of the gross proceeds raised under the Upsized Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 9% of the number of Units and Flow-Through Shares sold pursuant to the Upsized Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.10 per share for a period of 24 months following the closing date of the Upsized Offering. The Company intends to use the net proceeds from the issuance of the Units and the Flow-Through Shares for working capital and general corporate purposes and to fund exploration expenditures on its Vallee, Preissac-La Corne, and Baillargé lithium mining properties. About Jourdan Resources 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 Compan...