Jourdan Upsizes Private Placement Financing

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Last update: Jul 22, 2022

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TORONTO, July 21, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORF, FRA:2JR1) (“Jourdan” or the “Company”) is pleased to announce that as a result of increased investor demand the Company is increasing its previously announced private placement financing (the “Initial Offering”) of common shares issued on a flow-through basis (the “Flow-Through Shares”) from up to 10,000,000 Flow-Through Shares to up to 14,000,000 Flow-Through Shares at a price of $0.10 per Flow-Through Share, for aggregate gross proceeds from the issuance of both units and Flow-Through Shares of up to $2.4 million (the “Upsized Offering”). For more information about the Initial Offering and details of the units to be issued thereunder, please see the Company’s press release dated June 29, 2022, which is available under the Company’s SEDAR profile at www.sedar.com.