ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

JOR Jourdan Resources Inc

0.07
0.00 (0.00%)
03 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Jourdan Resources Inc TSXV:JOR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.07 0.065 0.07 0 01:00:00

Jourdan Transfer Its Uranium Assets to Gimus Resources Inc. and Completes $370,000 Financing for New Subsidiary

24/10/2011 12:30pm

Marketwired Canada


JOURDAN RESOURCES INC. (TSX VENTURE:JOR) ("Jourdan" or the "Company") announces
that it has entered into an acquisition agreement (the "Agreement") with its
subsidiary, Gimus Resources Inc. ("Gimus"). The Agreement concerns the transfer,
as previously announced, of the Johann-Beetz property in exchange for 3,000,000
common shares of Gimus at a deemed price of $0.10 per share ($300,000). The
$300,000 sales price represents approximately half the book value, of these
assets as of the date of the closing.


The Company intends to distribute to its shareholders, after the closing of
Gimus' IPO, all of the 3,000,000 common shares received from the sale of the
Johann-Beetz property.


Following the closing of the Agreement, Jourdan retains its core rare metals and
high technology metals assets.


Jourdan is also please to report that it has completed a private placement (the
"Offering") for its subsidiary, Gimus, of 3,700,000 common shares at a price of
$0.10 per share for aggregate proceeds of $370,000. Insiders of Jourdan
purchased, directly or indirectly, approximately $95,000 of the Offering.


The net proceeds of the Offering will be used to prepare Gimus' IPO in the
context of the previously announced spin out transaction and for working capital
purposes. Following completion of the Offering, Jourdan retains a 45% interest
in Gimus. 


Gimus intends to file within the following weeks, its preliminary prospectus.
The public offering will involve a minimum offering of $300,000 with a syndicate
of agents led by Jones Gable & Company Limited (collectively, the "Agents"). The
Agents are to act on a commercially reasonable effort basis for this offering.
Details of the offering will be released on filing of the preliminary
prospectus.


About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JOR on the TSX Venture Exchange. The Company is focused on the
acquisition, exploration, production, and development of mining properties in
phosphates and Rare Metals or High Technology Metals ("HTM's") sectors of
eastern Canada. The Company's properties are currently at the exploration stage
and are located along the North Shore, the Mauricie, the Abitibi and James Bay
regions of Quebec. 


Please visit the Company's website at www.jourdan.ca.

Statements in this release that are not historic facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking statements.


1 Year Jourdan Resources Chart

1 Year Jourdan Resources Chart

1 Month Jourdan Resources Chart

1 Month Jourdan Resources Chart

Your Recent History

Delayed Upgrade Clock