Mississauga, Ontario (Canada), January 22, 2014: JOURDAN RESOURCES INC. (TSX-V: JOR) (« Jourdan » or the « Company ») (www.jourdan.ca) is pleased to announce that it has made the final option payment on the Company’s Jazz Phosphate Project, per the January 17, 2012 Option Agreement with the Vendors, bringing Jourdan’s interest in the Project to 100% (with no royalties).
This final option payment was settled in shares, through the issuance of 2,083,334 Jourdan shares to the Vendors.
All securities issued in connection with this transaction are subject to a four-month and a day hold period ending May 18, 2014.
The Jazz Phosphate Project is one of the flagship projects of Jourdan Resources.
On January 17, 2012, the Company optioned the 53 claim Jazz Phosphate Property located approximately 200 km north of the town of Saguenay in the Saguenay Lac-St-Jean region in the Province of Quebec, Canada. The Jazz Property is a total of 2,952 hectares and is contiguous with Arianne Phosphate’s Lake Paul Advanced Stage Phosphate Project, and the latter has: