Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

October 12, 2009 22:50 ET

Jourdan Resources is Arranging a Non-Brokered Private Placement

MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 12, 2009) - Jourdan Resources Inc. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") (please visit the Company's website at www.jourdan.ca) is arranging a non-brokered private placement of up to 350 units consisting of 30,000 shares per unit at a purchase price of $0.035 per share for proceeds of up to $367,500. Each unit shall consist of one non-flow-through common share and one-half a warrant with each warrant entitling the holder to purchase one common share at a price of $0.06 per share for a period of 12 months from closing.

The securities sold under the private placement will be issued pursuant to exemptions from the prospectus and registration requirements of applicable securities laws, subject to the receipt of necessary regulatory approvals and to a four month hold period from closing.

The proceeds from the private placement will be used for the diamond drilling program on the Company's Baie Johann-Beetz Uranium Property, and for general working capital. Finder's fees will be payable within the TSX Venture Exchange guidelines.

Moreover, the Investor Relations Agreement dated August 7, 2009 between the Corporation and Focus Relations Inc. is now terminated.

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JRN on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic uranium sectors of eastern Canada. All of the Company's properties are currently at the exploration stage in Quebec's North Shore region.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.

Shares Issued 50,174,312.

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.

Contact Information

  • Jourdan Resources Inc.
    Emilien Seguin
    President and CEO
    450-670-5224
    514-787-1457 (FAX)
    or
    Jourdan Resources Inc.
    Guy Girard
    VP Finance and Director
    514-798-1290
    514-787-1457 (FAX)
    info@jourdan.ca
    www.jourdan.ca