Jourdan Resources Inc.

Jourdan Resources Inc.

December 20, 2007 13:59 ET

Jourdan Resources Inc.: Closing of a $235 000 Private Placement

VAL D'OR, QUEBEC--(Marketwire - Dec. 20, 2007) - Jourdan Resources (the "Corporation") (TSX VENTURE:JRN) is pleased to announce the closing of a non brokered private placement for gross proceeds of $235 000, in which three directors and officers of the Corporation participated for total proceeds of $95 000. The proceeds of the offering will be used for working capital.

In total, the Corporation issued 2,350,000 common shares at a price of $0.10 per share and 2,350,000 common share purchase warrants. 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, and 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 four (4) month hold period expiring on April 20, 2008.

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

  • Jourdan Resources Inc.
    Emilien Seguin
    Jourdan Resources Inc.
    Guy Girard