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 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.