Jordan Closes Sayona Private Placement, Appoints Brett Lynch as Director of Canadian Business Journal

TORONTO, November 14, 2022 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF; FRA:2JR1) (“Jordan” or “Company“) announces that it has closed a private placement financing of its common stock (“common stock) was issued to Sayona Quebec Inc., a subsidiary of Sayona Mining Limited, for an aggregate amount of $1,501,200 (“private placement”). For more information on the private placement, please refer to the company’s press release dated November 14, 2022.

Under the private placement, Jourdan has issued 27,000,000 common shares. This represents approximately 9.99% of common shares outstanding (on a post-closing basis) at a price of $0.0556 per common share. All securities issued in connection with the private placement are subject to a statutory hold period that expires on March 11, 2023. Completion of the private placement will take place on the TSX Venture Exchange (“TSXV”). No brokerage fees were paid with respect to the private placement. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes.

Board appointments

In addition to our press release dated November 14, 2022, we are also pleased to announce the appointment of Brett Lynch to our Board of Directors.

Brett Lynch was appointed Managing Director/Chief Executive Officer of Sayona Mining Limited on July 1, 2019. Mr. Lynch is an experienced international corporate director and CEO with a proven track record in Australia, Asia and North America and increasing shareholder value. As a senior mining engineer and manager, Mr. Lynch brings his 30+ years of experience in the global industry, including previous posts with leading resource companies such as MIM Holdings, New Hope Corporation, Orica and VLI. Multi-million dollar international business. Mr. Lynch’s professional qualifications include a Bachelor of Engineering (Mining) (Hons) from the University of Melbourne, a Diploma in Business (Accounting) from Monash University and a Corporate Director Diploma from the Australian Board of Corporate Directors.

In connection with this appointment, Jourdan has granted Mr. Lynch 2,000,000 stock options pursuant to the Company’s Stock Option Plan. Quarterly stock options vest immediately, quarterly vest six months from the date of grant, quarterly vest 12 months from the date of grant, and quarterly vest 18 months from the date of grant. is confirmed. Exercises five years from date of grant at a price of $0.105 per option. Granting this option requires TSXV approval.

About Jordan Resources

Jourdan Resources Inc. is a Canadian junior mining and exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company focuses on the acquisition, exploration, production and development of mining assets. Our properties are located in Quebec, Canada, primarily in the spodumene-bearing pegmatites of La Corne Batholis, around the North American Lithium production Quebec Lithium Mine.

For more information:
Rene Balti Chief Executive Officer and President
Email: [email protected]
Phone: (416) 861-5800
www.jourdaninc.com

Notes

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, private placement statements. This includes our use of net proceeds, TSXV’s final approval of the private placement, and his TSXV approval of this matter. Granting options. Forward-looking information is generally disclosed using forward-looking terms such as “plans,” “expects,” “does not expect,” “expects,” “budget,” “planned,” and “estimate.” can be identified using “expect”, “intend”, “anticipate”, “unexpect” or “believe” or that a particular action, event or outcome “could”, “could”, ” Variations of words or phrases or statements such as ‘could’, ‘could’ or ‘obtained’, ‘occurred’ or ‘achieved’. Forward-looking information involves known and unknown risks, uncertainties and Jourdan’s actual results, level of activity, performance or achievements that may not be materially expressed or implied by such forward-looking information. subject to other factors that may make them different. but is not limited to: the risk that TSXV’s final approval of the private placement may not be received as expected, or the TSXV’s approval of the grant of options may not be received as expected; or at all, receipt of required approvals and other risks of mining. Jourdan has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and does not identify any factors that could cause results to differ from those anticipated, estimated or intended. There may be other factors that There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. You should not place undue reliance on any forward-looking information. Jourdan does not undertake to update forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN TSX VENTURE EXCHANGE POLICY) ASSUME ANY RESPONSIBILITY OR ACCURACY FOR THIS RELEASE.

CBJ Newsmaker