[JOR announces agreement to Acquire Rome]Hey, good start into the week of the AGM at FMR. An already known fact now...hopefully more to come.. GLTA
Jordan Resources Announces Agreements to Acquire the Rome Lithium and Baillarg[[107]] North Property
V.JOR | 1 hour ago
Jordan Resources Announces Agreements to Acquire the Rome Lithium and Baillarg North Property
Jourdan now surrounds the Quebec Lithium Mine on three sides with Rome Lithium Property Acquisition
A new discovery of High Grade Molybdenum (up to 35.8% Mo) was identified on the Baillarge North Lithium Molybdenum Property
Mississauga (Canada) (FSCwire) - JOURDAN RESOURCES INC. (TSX-V: JOR) is pleased to announce it has entered into a non-arms 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).