Jourdan Announces the Effective Date of Its Share Consolidation
02 October 2010 - 7:54AM
Marketwired
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
Contacts: Emilien Seguin President and CEO 450-670-5224
514-787-1457 (FAX) Guy Girard VP Finance, Director 514-798-1290
514-787-1457 (FAX) info@jourdan.ca
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