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Jourdan Resources (TSXV:JOR) closes private placement

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TSXV:JOR
26 November 2021 12:30 (EDT)

Source: Jourdan Resources.

Jourdan Resources (JOR) has closed a C$200,000 non-brokered private placement from Aberdeen International (AAB).

Aberdeen acquired 4,000,000 Jourdan units at a price of $0.05 per unit.

Each unit is comprised of one Jourdan common share and one-half of one common share purchase warrant.

Each warrant is exercisable for one common share priced at $0.07 for a period of 24 months.

Aberdeen now holds 17,333,333 Jourdan common shares and 7,000,000 warrants, representing 12 per cent of the company and 16.07 per cent on a partially diluted basis.

Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in rare metals and renewable energy.

Jourdan Resources is focused on the acquisition, exploration, production and development of lithium properties in Quebec.

Aberdeen International (AAB) is unchanged trading at $0.14 per share as of 10:55 am EST.

Jourdan Resources (JOR) is unchanged trading at $0.05 per share as of 9:46 am EST.

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