This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Jourdan completes $682,775 private placement 2009-10-22 17:27 ET - News Release Mr. Emilien Seguin reports JOURDAN RESOURCES: CLOSING OF A $682,775 PRIVATE PLACEMENT
Jourdan Resources Inc. has closed a non-brokered private placement for gross proceeds of $682,775, in which three directors and officers of the corporation participated for total proceeds of $22,100. The proceeds from the private placement will be used for the diamond drilling program on the company's Baie Johann-Beetz uranium property and for general working capital.
In total, the corporation issue 9,952,857 non-flow-through common shares at a price of 3.5 cents per share and 4,976,429 common share purchase warrants. Each warrant entitles the holder thereof to purchase one common share of the corporation for a period of 12 months from the date of the closing at an exercise price of six cents per share.
Moreover, the corporation also issued 7,431,667 flow-through common shares at a price of 4.5 cents per share and 3,715,833 common share purchase warrants. Each warrant entitles the holder thereof to purchase one common share of the corporation for a period of 12 months from the date of the closing at a price of 10 cents and thereafter at an exercise price of 12 cents per share during the second period of 12 months. The MineralFields Group participated to this non-brokered private placement for a total amount of $300,000 through the sale of 6,666,666 flow-through units at 4.5 cents each.
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