Jourdan Resources closes $1.2M financing

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By CPE News

Mississauga, ON (pcJ News Briefs) – Jourdan Resources Inc. (TSX-V: JOR.H) has completed previously announced non-brokered private placement offering of 16,100,000 units at a price of $0.075 per unit for gross proceeds of $1,207,500.

Each unit is comprised of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.10 per share for a period of twelve months from the closing date.

Jourdan Resources intends to use proceeds from the private placement for working capital, advancing exploration on Quebec lithium properties and acquisitions.

Jourdan Resources Inc. is a Canadian junior mining exploration company focused on the acquisition, exploration, production, and development of mining properties in lithium.