Jiulian Announces Private Placement
#890 – 580 Hornby St. T: 778‐239‐0127 Vancouver BC V6C 3B6 F: 604‐687‐8678 [email protected] www.jiulianresources.com
| JIULIAN | ANNOUNCES | PRIVATE PLACEMENT |
| April 26, 2018 - Jiulian Resources Inc. (“Jiulian” or the “Company”) (NEX: JLR.H) | ||
| announces a private placement financing of up to 16,666,667 units at a price of $0.06 per unit for | ||
| aggregate gross proceeds of up to $1,000,000, subject to approval of the NEX Board of the TSX | ||
| Venture Exchange (the "Exchange”"). Each unit will consist of one common share and one | ||
| share purchase warrant, with each warrant entitling the holder to acquire one additional common | ||
| share at a price of $0.10 for a period of three years from the closing date. Directors, Officers and | ||
| existing Shareholders may participate in this private placement. | ||
| The proceeds of the private placement will be used to drill at Big Kidd Cu-Au porphyry target in | ||
| the fall of 2018, to conduct further IP surveys, for mapping and prospecting, report preparation, | ||
| payment of accrued directors’ fees and for general and administrative expenses. | ||
| The securities issued pursuant to the private placement will be subject to a four month hold | ||
| period from the closing date. | ||
| The Company may pay finder's fees in connection with the private placement, subject to | ||
| compliance with the policies of the Exchange. Completion of the private placement and the | ||
| payment of any finder's fees remain subject to the receipt of all necessary regulatory approvals, | ||
| including the approval of the Exchange. |
About Jiulian
Jiulian is a junior exploration public company based in Vancouver, B.C. engaged in the acquisition and exploration of mineral properties that have potential of containing metals with strong market demand. The Company’s management team consists of an experienced geologist, mining engineer, accountant and business people who have proven successful records.
To find out more about Jiulian, please visit our website at www.jiulianresources.com or contact:
Charlie Cheng, President, CEO and Director of the Company at 778-239-0127 or by email: [email protected].
On Behalf of the Board of Directors of
Jiulian Resources Inc.
“Charlie Cheng”
Charlie Cheng President, CEO and Director
This news release was prepared by management of Jiulian, which takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.