Jourdan Resources Inc.

Jourdan Resources Inc.

December 12, 2011 15:56 ET

Jourdan Announces Private Placement for a Maximum of $2,500,000

MONTREAL, CANADA--(Marketwire - Dec. 12, 2011) -


JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("JOURDAN" or the "Company") ( is pleased to announce that it has completed the closing of the first tranche of a private placement of units for a maximum gross proceeds of $2,500,000 at a price of $1,250 per flow through units (the "FT Units") and $1,000 per non flow-through units (the "HC Units"), (i) each FT Unit is comprised of 10,000 flow-through common shares and 5,000 common share purchase warrants (the "FT Warrants") and (ii) each HC Unit is comprised of 10,000 common shares and 5,000 common share purchase warrants (the "HC Warrants"). Each FT warrant entitles the holder to purchase one additional common share at a price of $0.25 and each HC warrant entitles the holder to purchase one additional common share at a price of $0.20 on or before June 9, 2013.

The net proceeds from the private placement will be used to for exploration work, the expansion of the sales and marketing team as well as for working capital purposes.

The units have been sold to "accredited investors" in the Province of Ontario and elsewhere on a prospectus-exempt basis. The second tranche closing is expected to occur no later than January 31, 2011.

The closing of this first tranche results in the issuance of 640 FT Units and 250 HC Units for aggregate gross proceeds to the Company of $1,050,000.

In connection with the private placement, Aberdeen Gould Capital Markets Ltd., a registered Exempt Market Dealer, received $84,000 and 71 HC Units as finder's fee.

The securities issued by Jourdan under the private placement are subject to a four-month hold period expiring on April 10, 2012, in accordance with applicable securities laws. The private placement is subject to final regulatory approval from the TSX Venture Exchange.

JOURDAN also wishes to announce that it has completed a major update to its website, and work is commencing to have the website available in French as well.

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 and Rare Metals or High Technology Metals ("HTMs") sectors of eastern Canada. 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

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.

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