Jourdan Resources Inc.
TSX VENTURE : JOR

Jourdan Resources Inc.

December 23, 2010 07:00 ET

Jourdan Completes Private Placements for Gross Proceeds of $1,486,250

MONTREAL, QUEBEC--(Marketwire - Dec. 23, 2010) - Jourdan Resources Inc. ("Jourdan" or the "Corporation")(TSX VENTURE:JOR) announces the closing on December 23, 2010 of a brokered private placement led by Industrial Alliance Securities Inc. (the "Agent") for total gross proceeds of $1,250,500.05 (the "Placement"). Under the terms of this Placement, Jourdan issued a total of 6,000,000 flow-through shares (the "Flow-Through Shares") at a price of $0.20 per Flow-Through Share and 336,667 units (the "Units") at a price of $0.15 per Unit. Each Unit consists of one common share and one-half warrant (each whole warrant being a "Warrant"), each Warrant entitling the holder thereof the right to purchase one common share of Jourdan at the price of $0.20 per share for a period of 18 months expiring June 22, 2012.

Under the Placement, Jourdan paid the Agent a cash commission of $106,292.05 and issued a total of 380,200 non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder thereof the right to purchase one common share of Jourdan at a price of $0.20 per share for a period of 18 months expiring June 22, 2012.

Jourdan also announces the concurrent closing of a non brokered private placement for gross proceeds of $235,750 (the "Concurrent Placement"). In total, the Corporation issued an additional 1,571,668 Units at a price of $0.15 per Unit. Each Unit consists of one common share and one-half warrant (each whole warrant being a "Warrant"), each Warrant entitling the holder thereof the right to purchase one common share of Jourdan at the price of $0.20 per share for a period of 18 months expiring June 22, 2012. In connection with this private placement, Jourdan paid finder's fees in cash for a total of $3,600.

The securities issued under the Placement and the Concurrent Placement will be subject to a four-month hold period expiring on April 23, 2011.

About Jourdan Resources Inc.

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, development and if, as the case may be, the operation of mining properties in strategic Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and now the James Bay regions of Quebec.

Please visit the Corporation's website at www.jourdan.ca.

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, Director
    450-670-5224
    514-787-1457 (FAX)
    or
    Jourdan Resources Inc.
    Guy Girard
    VP Finance, Director
    514-798-1290
    514-787-1457 (FAX)
    www.jourdan.ca