Jourdan Resources Inc.
TSX VENTURE : JRN

Jourdan Resources Inc.

September 17, 2007 16:09 ET

Jourdan Resources Inc.: Closing of a $310,500 Private Placement

VAL D'OR, QUEBEC--(Marketwire - Sept. 17, 2007) - Jourdan Resources (the "Corporation") (TSX VENTURE:JRN) is pleased to announce the closing of a non brokered private placement for gross proceeds of $310,500, in which three directors and officers of the Corporation participated for total proceeds of $51,000. The proceeds of the offering will be used for working capital.

In total, the Corporation issued 2,070,000 common shares at a price of $0.15 per share and 2,070,000 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.

In connection with the offering, the Corporation paid finder's fees totaling $24,450.

The securities issued pursuant to the offering are subject to a four (4) month hold period expiring on January 15, 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
    President
    450-670-5224
    or
    Jourdan Resources Inc.
    Guy Girard
    Director of Finances
    514-798-1290