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JRN Jourdan Resources Inc.

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Jourdan Resources Inc. TSXV:JRN 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 -

Jourdan Announces the Effective Date of Its Share Consolidation

01/10/2010 10:54pm

Marketwired Canada


Jourdan Resources Inc. (TSX VENTURE:JRN) ("Jourdan" or the "Corporation")
(www.jourdan.ca) is pleased to announce that it has received all requisite
approvals to implement the previously announced share consolidation of its
issued and outstanding common shares on the basis of one (1) post-consolidation
common share for every four (4) pre-consolidation common shares. The special
resolution to approve the consolidation was passed at the Corporation's annual
and special meeting held on July 21, 2010.


The post-consolidation common shares of the Corporation will commence trading on
the TSX Venture Exchange on Monday, October 4, 2010. The Corporation's trading
symbol, JRN will be changed to JOR.


Effective upon the implementation of the consolidation, and subject to rounding,
Jourdan will have approximately 19,257,958 common shares issued and outstanding.
All outstanding stock options will be adjusted and each option holder will
become entitled to subscribe to post-consolidation common shares pursuant to
such adjusted terms. 


The Corporation sent a letter of transmittal (the "letter") to its registered
shareholders indicating the procedure to follow in order to exchange their
current share certificates of Jourdan for new post-consolidation share
certificates. Shareholders of the Corporation are invited to carefully follow
the procedure outlined in the letter to receive their new share certificates.
Additional copies of the letter may be obtained by contacting the Corporation's
Transfer Agent and Registrar, Computershare Investor Services Inc., at
1-800-564-6253 or at 1-514-982-7555 or by sending an email to
corporateactions@computershare.com.


Further details regarding the consolidation are described in Jourdan's
management information circular dated June 22, 2010 available on SEDAR at
www.sedar.com


About Jourdan Resources Inc. 

Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JRN on the TSX Venture Exchange. The Corporation is focused on
the acquisition, exploration, production, development and if, as the case may
be, the operation of mining properties in strategic bulk mineable industrial
metals (such as Uranium and REE's) sectors of eastern Canada. All of the
Corporation's properties are currently at the exploration stage in Quebec's
North Shore and Mauricie regions. 


Visit the Corporation's website at www.jourdan.ca. You can download Jourdan's
Corporate Summary from www.jourdan.ca/jrn.pdf. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 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


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