JIULIAN CLOSES PRIVATE PLACEMENT
June 15, 2018 – Jiulian Resources Inc. (“Jiulian” or the “Company”) (NEX: JLR.H) is pleased to announce that the Company has closed its private placement (the “Offering”) announced in its news release dated April 26, 2018. The Company issued 16,666,667 units (“Units”) at a price of $0.06 per Unit for gross proceeds of $1,000,000. Each Unit consists of one common share of the Company and one share purchase warrant (“Warrant”) entitling the holder to purchase an additional common share of the Company for a period of three years at a price of $0.10 per Warrant from the date of closing.
The Company will pay finder’s fees in the amount of $29,551 and issue 492,521 broker warrants, with each broker warrant entitling its holder to purchase one additional common share at $0.10 per share for a period of twelve months from the closing date of the Offering.
The proceeds of the Offering 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.
All securities issued pursuant to the Offering will be subject to a four month hold period, expiring on October 16, 2018, in accordance with applicable Canadian securities laws.
About Jiulian Resources Inc.
Jiulian is a TSXV Tier 2 issuer (TSXV JLR) with offices in Vancouver, British Columbia. The Company’s Board of Directors includes experienced and dedicated professional geologists, businessmen and accounting personnel. The Company is currently exploring its Hawk project, located in the prolific Cariboo region of British Columbia, for large tonnage porphyry style copper and gold mineralization.
For further information, please contact:
X. Charlie Cheng, Chief Executive Officer and Director of Jiulian at 604-639-4418 or by email: email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“X. Charlie Cheng”
X. Charlie Cheng, Chief Executive Officer, Director
Neither 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.
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jiulian. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.