Jourdan Grants 2% Net Smelter Return Royalty

TORONTO, Sept. 14, 2022 (GLOBE NEWSWIRE) -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF; FRA:2JR1) (“Jourdan” or the “Company“) is pleased to announce that it has entered into a net smelter return royalty agreement (the “Royalty Agreement”) with an arm’s length third party (“Holder”), pursuant to which the Corporation has agreed to pay, beginning on the date on which any portion of Jourdan’s Vallée property comes into commercial production, to the Holder, a net smelter royalty (the “Royalty”) at a fixed rate of 2% of the net smelter return. As consideration, the Holder has agreed to pay Jourdan an aggregate cash payment of C$1 million, with C$500,000 payable within 30 days from the date of the agreement and the remaining C$500,000 payable in equal tranches of C$100,000 every three months commencing January 2, 2023.

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