Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

October 01, 2010 17:54 ET

Jourdan Announces the Effective Date of Its Share Consolidation

MONTREAL, CANADA--(Marketwire - Oct. 1, 2010) - Jourdan Resources Inc. (TSX VENTURE:JRN) ("Jourdan" or the "Corporation") (www.jourdan.ca) is pleased to announce that it has received all requisite approvals to implement the previously announced share consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every four (4) pre-consolidation common shares. The special resolution to approve the consolidation was passed at the Corporation's annual and special meeting held on July 21, 2010.

The post-consolidation common shares of the Corporation will commence trading on the TSX Venture Exchange on Monday, October 4, 2010. The Corporation's trading symbol, JRN will be changed to JOR.

Effective upon the implementation of the consolidation, and subject to rounding, Jourdan will have approximately 19,257,958 common shares issued and outstanding. All outstanding stock options will be adjusted and each option holder will become entitled to subscribe to post-consolidation common shares pursuant to such adjusted terms.

The Corporation sent a letter of transmittal (the "letter") to its registered shareholders indicating the procedure to follow in order to exchange their current share certificates of Jourdan for new post-consolidation share certificates. Shareholders of the Corporation are invited to carefully follow the procedure outlined in the letter to receive their new share certificates. Additional copies of the letter may be obtained by contacting the Corporation's Transfer Agent and Registrar, Computershare Investor Services Inc., at 1-800-564-6253 or at 1-514-982-7555 or by sending an email to corporateactions@computershare.com.

Further details regarding the consolidation are described in Jourdan's management information circular dated June 22, 2010 available on SEDAR at www.sedar.com

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 Corporation is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic bulk mineable industrial metals (such as Uranium and REE's) sectors of eastern Canada. All of the Corporation's properties are currently at the exploration stage in Quebec's North Shore and Mauricie regions.

Visit the Corporation's website at www.jourdan.ca. You can download Jourdan's Corporate Summary from www.jourdan.ca/jrn.pdf.

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

Contact Information

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