Jourdan Resources (TSXV:JOR) (OTCQB:JORFF) (FRA:2JR1) has announced a non-brokered private placement. The company is looking to raise gross proceeds of up to $3 million from the placement of up to 42,857,143 units priced at $0.07 per unit. The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.10 for 24 months
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Jourdan Resources (TSXV:JOR) (OTCQB:JORFF) (FRA:2JR1) has announced a non-brokered private placement.
The company is looking to raise gross proceeds of up to $3 million from the placement of up to 42,857,143 units priced at $0.07 per unit.
The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.10 for 24 months.
The shares are currently trading at $0.07.
Net proceeds will be used for working capital and general corporate purposes.
Jourdan Resources, a Canadian junior mining exploration company, is focussed on the acquisition, exploration, production, and development of lithium properties, primarily in the spodumene-bearing pegmatites of the La Corne Batholith.
The company claims to have the largest lithium land package in Quebec, boasting over 16,000 hectares with three world class properties surrounding Sayona Québec’s North American Lithium Mine.
Yesterday, the company announced its planned summer exploration program on its Baillargé project, where four known pegmatite dykes with spodumene minerals will be targeted by 20 permitted drillholes with a planned 3,000 metres of diamond drilling, which are intended to test four different pegmatites with known spodumene occurrences.
Soil sampling over the Baillargé property indicated anomalies in the vicinity of the outcrops, just south of Lac Baillargé.
Dr. Andy Rompel, Executive Chairman, stated: “We intend to embark on an extensive exploration program at Baillargé, as we see similar potential to our flagship Vallée project with its highly prolific pegmatite swarm. We have already identified four individual pegmatites laden with spodumene (up to 50cm in length, as mentioned in a press release dated December 12, 2022), and this area is known by us to have high-grade lithium assay results, and we have secured the requisite permits to drill.”
Rene Bharti, President and CEO, added: “Jourdan is excited to begin drilling at another one of our properties. Having such a relatively large land position allows us multiple areas to explore in addition to the extensive work being conducted with North American Lithium on a portion of our Vallée property. We are very encouraged by the initial work completed at Baillargé and look forward to an extensive drill program to establish an initial mineral resource estimate.”
For more information, please visit the company’s website at www.JourdanInc.com, contact Rene Bharti, President and CEO, at 416-861-5800 or by email at info@JourdanInc.com.
