Skip to main content

Stan Bharti Acquires Securities in Jourdan Resources Inc.

Written by Customer Service on . Posted in Mergers And Acquisitions.

TORONTO, Dec. 31, 2021 (GLOBE NEWSWIRE) — On December 31, 2021, Stan Bharti acquired an aggregate of 20,000,000 units (each, a “Unit”) of Jourdan Resources Inc. (the “Company“) (TSX-V: JOR) pursuant to a flow-through private placement financing at $0.05 per Unit for an aggregate cost of $1,000,000. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). 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 aforesaid 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 a non-diluted 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 some or all of the securities or may continue to hold 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 further information or to request a copy of the early warning report please contact:

Stan Bharti
198 Davenport Road
Toronto, Ontario
M5R 1J2
(416) 861-1685

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.