2012-09-04 13:10:12 -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
* Jourdan Resources to enter the fertilizer commodity brokering and trading market
* Trading partnership with Ni-Met to allow Jourdan to earn brokering cash flow
* Low risk and minimal capital investment partnership with a focus on brokering
* New partnership will bring together Jourdan's management expertise in international fertilizer markets and Ni-Met's staff of profession commodity brokers and brokering infrastructure
* Provides Jourdan with an immediate global presence through an ability to leverage Ni-Met's offices in Canada, India, China, UAE, Thailand, Indonesia and Pakistan
Montreal (Canada), September 4, 2012: JOURDAN RESOURCES INC. (TSX-V: JOR)
("JOURDAN" or the "Company") (www.jourdan.ca)
is pleased to announce it has entered into an Expression of Interest with Ni-Met Metals & Minerals Inc. ("Ni-Met") (www.ni-met.com) of Oakville, Ontario to negotiate the term of formation of a jointly owned Fertilizer Brokering and Trading Company.
The new trading team would benefit from Jourdan's management expertise in international fertilizer markets and Ni-Met's staff of profession commodity brokers and brokering infrastructure. Jourdan would be positioning itself to target low cost, near term revenue generation, and Ni-Met would be gaining expertise in the fertilizer and related commodity market that would be a new revenue stream for their infrastructure.
"Working with Ni-Met would provide Jourdan with access to an existing infrastructure of more than 60 professionals worldwide. The established infrastructure and the entrepreneurial acumen of Anil Shah, President and CEO of Ni-Met, would be an excellent complement to the expertise of Najib Moutia, Jourdan's COO. Mr. Moutia has more than 30 years' experience in the fertilizer sales industry, primarily with Office Cherifen des Phosphates (OCP) in Morocco, and the phosphate projects Jourdan is advancing in Quebec" states Jourdan CEO Michael Dehn.
Anil Shah states "With Ni-Met's large infrastructure in India, one of the largest phosphate and fertilizer importers in the world, and a presence in China, one of the largest phosphate producers in the world, teaming up with Jourdan is a logical step for Ni-Met to enter the phosphate and fertilizer sectors."
Ni-Met has been operating for more than 22 years and brings with it:
* Physical presence in India, China, UAE, Thailand, Indonesia & Pakistan
* Efficiency in execution of services
* Established market credentials
* Large network of resources
* Multi-lingual staff - 10 languages spoken
* Experience with conducting business in more than 20 countries
Any definitive agreement with regard to the proposed transaction might be subject to the TSX Venture Exchange's approval.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.
About Ni-Met Metals & Minerals Inc.
Incorporated by chemical engineer Anil Shah in 1990, Ni-Met, an organization built on a rock hard foundation of trust and goodwill has set a phenomenal track record, meeting the perpetual challenges of international demand for quality resources. Over the years, with resourceful planning, the company has built a network of strategically located offices and associates creating a strong alliance with international producers, traders and end users catering to diverse industries like steel and alloy steel, non-ferrous metals and plastics. Ni-Met's highly diversified activities have given it a unique market position, largely due to the business acumen, entrepreneurial vision and unending energy of its founder and head, Mr. Shah.
Please visit the Company's website at www.jourdan.ca or www.ni-met.com
For further information please contact:
President and CEO
Tel: (647) 477-2382
Fax: (647) 477-2389
Glen Wylie, CMA
Tel: (647) 477-3758
Fax: (647) 477-2389
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.
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