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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, July 21, 2022 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (“Jourdan” or the “Firm”) is happy to announce that on account of elevated investor demand the Firm is rising its beforehand introduced non-public placement financing (the “Preliminary Providing”) of frequent shares issued on a flow-through foundation (the “Stream-By means of Shares”) from as much as 10,000,000 Stream-By means of Shares to as much as 14,000,000 Stream-By means of Shares at a value of $0.10 per Stream-By means of Share, for mixture gross proceeds from the issuance of each items and Stream-By means of Shares of as much as $2.4 million (the “Upsized Providing”). For extra details about the Preliminary Providing and particulars of the items to be issued thereunder, please see the Firm’s press launch dated June 29, 2022, which is obtainable underneath the Firm’s SEDAR profile at www.sedar.com.
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Closing of the Upsized Providing is anticipated to happen by the top of July 2022. All securities issued in reference to the Upsized Providing shall be topic to a statutory maintain interval of four-months and in the future. Completion of the Upsized Providing is topic to quite a lot of circumstances, together with with out limitation, receipt of TSX Enterprise Trade (“TSXV”) approval. Finder’s charges could also be paid to eligible finders in accordance with the insurance policies of the TSXV consisting of a money fee equal to as much as 9% of the gross proceeds raised underneath the Upsized Providing and finder warrants (“Finder Warrants”) in an quantity equal to as much as 9% of the variety of Models and Stream-By means of Shares bought pursuant to the Upsized Providing. Every Finder Warrant will entitle the holder thereof to buy one frequent share of the Firm at a value of $0.10 per share for a interval of 24 months following the cut-off date of the Upsized Providing. The Firm intends to make use of the web proceeds from the issuance of the Models and the Stream-By means of Shares for working capital and common company functions and to fund exploration expenditures on its Vallee, Preissac-La Corne, and Baillargé lithium mining properties.
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About Jourdan Sources
Jourdan Sources Inc. is a Canadian junior mining exploration firm buying and selling underneath the image “JOR” on the TSX Enterprise Trade and “2JR1” on the Stuttgart Inventory Trade. The Firm is targeted on the acquisition, exploration, manufacturing, and improvement of mining properties. The Firm’s properties are in Quebec, Canada, primarily within the spodumene-bearing pegmatites of the La Corne Batholith, round North American Lithium’s producing Quebec Lithium Mine.
For extra data:
www.jourdaninc.com
Rene Bharti, Chief Govt Officer and President
E mail: information@jourdaninc.com
Cellphone: (416) 861-5800
Cautionary statements
This press launch comprises “forward-looking data” inside the that means of relevant Canadian securities laws. Ahead-looking data contains, however shouldn’t be restricted to, statements with respect to the Upsized Providing, together with the Firm’s meant use of proceeds, closing circumstances and timing and different issues relating thereto. Typically, forward-looking data may be recognized by means of forward-looking terminology similar to “plans”, “expects” or “doesn’t count on”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “shall be taken”, “happen” or “be achieved”. Ahead-looking data is topic to recognized and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, stage of exercise, efficiency or achievements of Jourdan to be materially totally different from these expressed or implied by such forward-looking data, together with however not restricted to: receipt of obligatory approvals; common enterprise, financial, aggressive, political and social uncertainties; future mineral costs; accidents, labour disputes and shortages and different dangers of the mining business. Though Jourdan has tried to establish essential elements that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that such data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. Jourdan doesn’t undertake to replace any forward-looking data, besides in accordance with relevant securities legal guidelines.
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This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any of the securities in america. The securities haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be supplied or bought inside america or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.
NEITHER 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.
