Vallee Lithium – Jourdan Resources Inc.
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  • Jourdan Resources (JOR) announced the closing of its non-brokered private placement for gross proceeds of $2,161,000
  • The company issued a total of 9,512,500 units at $0.08 per unit and 14,000,000 flow-through shares at $0.10 per flow-through share
  • Jourdan will use the net proceeds for working capital and general corporate purposes and to fund exploration expenditures
  • Jourdan Resources is a Canadian junior mining exploration company
  • Jourdan Resources Inc. (JOR) is down 5.88 per cent, trading at C$0.08 per share at 12:12 pm ET

Jourdan Resources (JOR) has closed its previously announced non-brokered private placement for gross proceeds of $2,161,000.

The company issued a total of 9,512,500 units at $0.08 per unit and 14,000,000 flow-through shares at $0.10 per flow-through share. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at $0.10 until July 29, 2024.

The company paid finder’s fees of $81,000 in cash and issued 810,000 non-transferable finder’s warrants to Roche Securities Ltd. Each Finder’s Warrant is exercisable for one common share at $0.10 till July 29, 2024.

Jourdan will use the net proceeds for working capital and general corporate purposes and to fund exploration expenditures on its Vallee, Preissac-La Corne, and Baillargé lithium mining properties.

All securities issued are subject to a statutory hold period, expiring on November 30, 2022. 

Jourdan Resources is a Canadian junior mining exploration company. It focuses on the acquisition, exploration, production, and development of mining properties in lithium and other minerals.

Jourdan Resources Inc. (JOR) is down 5.88 per cent, trading at C$0.08 per share at 12:12 pm ET.


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