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Jourdan announces a $ 500,000 private placement.Complete the Canadian Business Journal drilling program

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Toronto, October 15, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (“Jordan” or “society“) Can be up to 10,000,000 units (each”unitFor a total revenue of up to $ 500,000, at a price of $ 0.05 per unit (“Recruitment“). Each unit consists of one share of our common stock (each “”Common stock“) And half of one common stock purchase warrant (whole each warrant,”warrant“). Each warrant gives holders the right to acquire an additional share of common stock at an exercise price of $ 0.07 for 24 months from issuance.

The end of the offering is expected to occur around October 31, 2021. All securities issued in connection with the offering are subject to a statutory holding period of 4 months and 1 day. Completion of the offering is subject to many conditions, including but not limited to receipt of the TSX Venture Exchange (“TSXV“) Approval. Finder fees may be paid to eligible Finder consisting of cash commissions equivalent to up to 8% of total revenue raised under offerings and finder warrants in accordance with TSXV policy (“).finder Warrant”) Amount equivalent to up to 8% of the number of units sold according to the offering. Each Finder Warrant gives its holders the right to purchase one share of common stock at a price of $ 0.07 per share of common stock for 24 months from the end of the offering. We plan to use the net revenue of the offering for working capital and general corporate purposes.

We are also pleased to announce that we have completed the previously announced diamond drilling program and have completed drilling 1,682 meters. For more information, please refer to our press release dated September 16, 2021. This press release is available on our SEDAR profile at www.sedar.com. We are waiting for analysis from a program where all holes show multiple intersections of pegmatite containing spodumene. These results are expected in early November 2021.

Qualified person

The scientific and technical information contained herein is Alexandr Beloborodov, P. Geo, an independent consultant who is a “qualified person” as defined in National Instrument 43-101. Reviewed and approved by. Disclosure Standards for Mineral Projects..

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company that trades under the “JOR” symbol on the TSX Venture Exchange and the “2JR1” symbol on the Stuttgart Stock Exchange. We are focused on the acquisition, exploration, production and development of mining real estate. Our assets are located in Quebec, Canada, in pegmatite containing spojumen in La Cornuva Solis around the Quebec Lithium Mine, which is primarily produced by lithium in North America.

For more information:

www.jourdaninc.com

Rene Bharti, CEO
Email: info@jourdaninc.com
Phone number: (416) 861-5800

Notes

This press release contains “forward-looking information” in the sense of applicable Canadian securities law. Forward-looking information includes statements about our offerings, including purpose of use of our revenues, termination conditions and timing, and other relevant matters, as well as the remaining analysis results from the recently completed drilling program. Not limited to. In general, forward-looking information uses forward-looking terms such as “plan,” “expect,” “not expect,” “expected,” “budget,” “plan,” and “estimate.” Can be identified. “Predict”, “intended”, “predict”, “unexpected”, “believe”, or a particular action, event, or result is “possible”, “possible”, “possible” Words and phrases such as “have”, variations of statements, “possible” or “taken”, “occur” or “achieved”. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors. Due to these factors, Jordan’s actual results, level of activity, performance, or outcomes are not limited to: Receipt of Required Approval. General business, economic, competition, political and social uncertainties. Future prices of minerals; accidents, labor disputes, shortages and other mining risks. Jourdan sought to identify key factors that could cause actual results to differ materially from those contained in the forward-looking information, but could cause the results to be unpredictable, estimated, or not as intended. There may be other factors. Actual results and future events may differ materially from those expected in such statements, so there is no guarantee that such information will be proven to be accurate. Therefore, readers should not overly rely on information about future prospects. Jourdan undertakes no commitment to update forward-looking information except in accordance with applicable securities law.

This news release does not constitute an offer to sell or buy securities in the United States. Securities have not been and will not be registered under the Securities Act of 1933 (“US Securities Act”) or the State Securities Act. It may not be offered or sold in the United States or to Americans. Registered under US securities law and the securities law of the applicable state, or exemptions from such registration are available.

Neither TSX VENTURE EXCHANGE nor its regulatory service provider (because the term is defined in the TSX VENTURE EXCHANGE policy) is responsible for the validity or accuracy of this release.


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Jourdan announces a $ 500,000 private placement.Complete the Canadian Business Journal drilling program

Source link Jourdan announces a $ 500,000 private placement.Complete the Canadian Business Journal drilling program

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