TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSXV: JOR) (“Jordan“or the”Society”) is pleased to announce that the Company has completed a debt settlement action that was previously announced on April 9, 2021 (the “Settlement Actions”), after obtaining the approval of the TSX Venture Exchange.
Pursuant to the debt settlement shares, the Company issued a total of 4.5 million of its common shares at a deemed price of $0.06 per share for a total amount of $270,000. Common shares issued under the Debt Settlement Shares are subject to a hold period of four months and one day expiring August 17, 2021.
Jourdan is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSXV and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production and development of mineral properties. The Company’s properties are located in Quebec, Canada, primarily in the spodumene pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine. This mine is part of Contemporary Amperex Technology Co. Limited (CATL), China’s largest manufacturer of automotive batteries.
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