Jourdan Resources Inc.

Jourdan Resources Inc.

December 30, 2010 14:03 ET

Jourdan Completes Private Placements for Gross Proceeds of $538,888

MONTREAL, QUEBEC--(Marketwire - Dec. 30, 2010) - Jourdan Resources Inc. ("Jourdan" or the "Corporation")(TSX VENTURE:JOR) announces the closing on December 30, 2010 of a non brokered private placement for total gross proceeds of $388,888.80 (the "Placement"). Jourdan issued a total of 1,750,000 flow-through shares at a price of $0.20 per flow-through share and 194,444 common shares at a price of $0.20 per common share. In connection with this private placement, Jourdan paid finder's fees in cash for a total of $31,111.10.

Jourdan also announces the concurrent closing of a private placement with an institutional fund for total gross proceeds of $150,000 (the "Concurrent Placement"). In total, the Corporation issued an additional 750,000 flow-through shares at a price of $0.20 per flow-through share.

The securities issued under the Placement and the Concurrent Placement will be subject to a four-month hold period expiring on May 1, 2011. The gross proceeds from these private placements will be used for exploration and development of the Company's Quebec properties.

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 Corporation 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 Corporation's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and now the James Bay regions of Quebec.

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
    514-787-1457 (FAX)
    Jourdan Resources Inc.
    Guy Girard
    VP Finance, Director
    514-787-1457 (FAX)