19:52:49 EDT Fri 19 Apr 2024
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or Name
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Jourdan Resources Inc (3)
Symbol JOR
Shares Issued 58,873,111
Close 2018-12-14 C$ 0.035
Market Cap C$ 2,060,559
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Jourdan Resources appoints new president and CFO

2018-12-14 18:28 ET - News Release

Mr. Michael Dehn reports

JOURDAN RESOURCES ANNOUNCES MANAGEMENT CHANGES AND STOCK OPTION GRANT

Jourdan Resources Inc.'s Fred Leigh has resigned as president and chief executive officer of the company, and the company has appointed Dr. Andreas Rompel as president and CEO of Jourdan, effective immediately.

Dr. Rompel is a seasoned exploration professional with three decades of exploration and mining experience in a wide range of roles, from vice-president of exploration and project manager, to country manager and corporate development. Most recently, Dr. Rompel was the president and CEO of Cobalt Power Group. Dr. Rompel has worked in a variety of commodities, including precious metals and base metals, as well as energy metals -- cobalt. For more than a decade, Dr. Rompel evaluated capital projects within Anglo American and was on the board of Spectrem (an Anglo American company) as technical director. He has worked in many countries on several continents and has well-developed multilinguistic skills.

The company also announces the resignation of John Ryan as chief financial officer of the company and the appointment of Stephen Woodhead as CFO effective immediately.

Mr. Woodhead is a graduate of the University of Cape Town and a member of the South African Institute of Chartered Accountants. Mr. Woodhead has over 25 years of experience, having worked for the South African Department of Finance and Trans Hex Group, a South African diamond producer, before relocating to Canada in 1997 as CFO of Trans Hex International. From 2003 until it was acquired by Yamana Gold in 2006, Mr. Woodhead was the CFO of Desert Sun Mining, developer of the Jacobina gold mine in Brazil, and in 2011 and 2012 was CFO of Crocodile Gold Corp. Mr. Woodhead has also acted as CFO of Admiral Bay Resources (oil and gas), Beartooth Platinum (platinum group metals), Longford (oil and gas), Aberdeen International (royalty), Sanatana Diamonds (diamonds) and Homeland Energy (coal), as vice-president of finance of Glass Earth (gold) and Luiri Gold (gold), and has served as a director of Apogee Minerals (silver) and Vaaldiam Mining (diamonds).

The board and management of Jourdan express their gratitude to Mr. Leigh and Mr. Ryan for their effort and extensive contributions and wish them well in their future endeavours.

Stock option grant

Jourdan Resources has granted 700,000 stock options to certain directors, officers and consultants of the company pursuant to the company's stock option plan. The stock options vest immediately and may be exercised at a price of five cents per option for a period of three years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

About Jourdan Resources Inc.

Jourdan Resources is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange and 2JR1 on the Stuttgart Stock Exchange. The corporation is focused on the acquisition, exploration, production and development of mining properties. The corporation's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne batholith, around North American Lithium's producing Quebec lithium mine. This mine is part of Contemporary Amperex Technology Co. Ltd. (CATL), China's largest automotive battery manufacturer.

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