On November 25, 2021, Jourdan Resources Inc. closed the transaction. The company has issued 9,100,000 units for gross proceeds of CAD 455,000 in the transaction. The transaction included participation from returning investor, Aberdeen International Inc. for 4,000,000 units and other investors.

The warrants are exercisable until November 25, 2023. All securities issued are subject to a statutory hold period expiring on March 26, 2022. The transaction is subject to receipt of final approval of the TSX Venture Exchange.

The company has paid a finders fees to Hampton Securities consisting of a cash commission equal to CAD 400 and issued 8,000 finder warrants and to Leede Jones Gable consisting of a cash commission equal to CAD 1,200 and issued 24,000 finder warrants. Each finder warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.07 per share until November 25, 2023. Post to the transaction, Aberdeen International Inc. will hold 17,333,333 common shares and 7,000,000 warrants of the company representing 12% stake.