Ressources Jourdan inc.

Ressources Jourdan inc.

December 20, 2007 13:57 ET

Jourdan Closes a $150 000 Private Placement With S.E.C. CGE Ressources 2007

VAL D'OR, QUEBEC--(Marketwire - Dec. 20, 2007) - Jourdan Resources (TSX VENTURE:JRN)(the "Corporation") is pleased to announce the closing of a private placement with S.E.C. CGE Ressources 2007 for gross proceeds of $150 000. In total, the Corporation issued 1 071 428 units (the "Units") at a price of $0.14 per Unit, with each Unit consisting of one super flow-through common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the Corporation for a period of twenty-four months at an exercise price of $0.20 per share at any time on or before the date that is 6 months from the closing; thereafter at an exercise price of $0.30 per share during the second period of 6 months; thereafter at an exercise price of $0.40 per share during the third 6 month period; and finally at a price of $0.50 per share during the remaining 6 month period.

The securities issued pursuant to the offering are subject to a 4 month hold period.

The TSX Venture Exchange neither approved nor disapproved this press release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ressources Jourdan inc.
    Emilien Seguin, President
    Ressources Jourdan inc.
    Guy Girard
    Chief Financial Officer