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Sunday, April 02, 2023 9:25:58 PM
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, March 17, 2023 -- JOURDAN RESOURCES INC. (TSXV: JOR; FRA: 2JR1) (“Jourdan” or the “Company“)
announces that it intends to complete a best efforts non-brokered private placement financing of up to 42,857,143 units (each,
a “Unit”) at a price of $0.07 per Unit for gross proceeds of up to $3,000,000 (the “Offering”). Each Unit will consist of one
common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each
Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.10 for a period
of 24 months from issuance.
Closing of the Offering is expected to occur on or about April 15, 2023. All securities issued in connection with the Offering will
be subject to a statutory hold period of four-months and one day. Completion of the 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 8% of the gross
proceeds raised under the Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 8% of the number of
Units sold pursuant to the 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 Offering. The Company
intends to use the net proceeds from the Offering for working capital and general corporate purposes.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003207
If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG
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