TORONTO, December 31, 2021 (GLOBE NEWSWIRE) – On December 31, 2021, Stan Bharti acquired a total of 20,000,000 units (each, a “Unity“) of Jourdan Resources Inc. (the”Society“) (TSX-V: JOR) pursuant to a flow-through private placement financing at $ 0.05 per Unit for a total cost of $ 1,000,000. Each unit consists of one ordinary share of the Company (each, a âCommmon To share“) and a half common share purchase warrant (each entire warrant, a”To guarantee“). Each warrant entitles Mr. Bharti to acquire one additional common share at an exercise price of $ 0.08 for a period of 24 months from issuance. Prior to the acquisition of the aforementioned securities, Mr. Bharti did not own any common shares. As a result of this transaction, Mr. Bharti now owns 20,000,000 common shares and 10,000,000 warrants, which represents approximately 11.67% of the outstanding common shares on an undiluted basis and 16.53 % on a partially diluted basis.
Mr. Bharti acquired the common shares for investment purposes. Mr. Bharti may acquire additional securities of the Company in the future, may dispose of all or part of the securities or may continue in his current position.
A copy of the early warning report filed in respect of the transaction described above is available under the Company’s profile on SEDAR at www.sedar.com.
For more information or to request a copy of the early warning report, please contact:
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