Jordan Resources Announces Agreements to Acquire the Rome Lithium and Baillargé North Property
Jourdan now surrounds the Quebec Lithium Mine on three sides with Rome Lithium Property Acquisition
JOURDAN RESOURCES INC. (TSX-V: JOR) is pleased to announce it has entered into a non-arm’s length assignment agreement with Fairmont Resources Inc. entitling Jourdan to acquire a 100% interest in the Rome Lithium property (the “Property”), subject to a 2% production royalty, of which half (1%) can be bought back for $1,000,000 at any time. In consideration of the acquisition of the interest in the Property, Jourdan will: (i) make a $50,000 cash payment, $25,000 of which has already paid pursuant to the ROFR agreement announced June 29, 2017, (ii) issue 1,500,000 common shares of Jourdan, (iii) grant an additional 2% net smelter return (“NSR“) on the Property, of which half (1%) may be bought back for $1,000,000 at any time, and (iv) the completion of exploration expenditures on the Property totaling $150,000 on or before June 10, 2019 (the “Option”).
