Jourdan Announces Acquisition of Minority Holders' Interest in Dissimieux Lake Phosphate Property Claims to Hold 100% Interest with no NSR
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
* Jourdan now controls 100% of 140 square kilometres of prospective mining claims with no NSR
* Jourdan has also received acceptance of the previously announced Jazz Property Acquisition from the TSX Venture Exchange
Montreal, Quebec CANADA, February 22, 2012 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture)("JOURDAN" or the "Company") (www.jourdan.ca) announces it has signed a purchase agreement for the balance of the interest in the Dissimieux Lake Property with two equal and beneficial owners of a 33.3% undivided interest in the mining claims.
"This acquisition consolidates the 8 square kilometres where historical work on the property has been completed. Jourdan now has 100% interest in 140 square kilometres of very prospective mining claims," says Michael Dehn, President and CEO of Jourdan. "Controlling 100% interest in the claims where the historical work was completed will add value to the property, which should be reflected in additional value for all Jourdan shareholders."
Total compensation to the vendors is 2 million common shares of Jourdan Resources. The purchase is subject to TSX Venture Exchange acceptance. There are no NSRs on the Dissimieux Lake Phosphate Property claims.
All securities issued pursuant to the purchase will be subject to a regulatory 4 months and a day hold period.
Jourdan also wishes to announce that it has received TSX Venture Exchange acceptance for the Jazz Property Acquisition, announced on January 17, 2012:
JOURDAN OPTIONS 100% OF JAZZ PHOSPHATE PROPERTY ADJACENT TO ARIANNE RESOURCES: http://www.jourdan.ca/uploads/143.pdf
About Jourdan Resources
Jourdan 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. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.
Please visit the Company's website at www.jourdan.ca
For further information please contact:
Michael Dehn
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389
michael@jourdan.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.
To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/jourdainprfeb212012.htm
Source: Jourdan Resources Inc. (TSXV: JOR) http://www.jourdan.ca
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