ChroniCare Canada to Test Jourdan Phosphate Rock from Quebec for Growth Media and Slow Release Natural Phosphate Fertilizer
April 3, 2014 (Source: FSC Wire) — JOURDAN RESOURCES INC. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca) has signed a fertilizer testing agreement with ChroniCare Canada Corporation (“ChroniCare”), a privately funded corporation and medical marihuana producer operating as a licensed producer under the Medical Marijuana Access Regulations (“MMAR”).
Under the terms of the agreement, Jourdan is to provide to ChroniCare, at no monetary cost, phosphate rock (“PR”) samples from its properties in Quebec, to be tested as a growth media and slow-release natural phosphate fertilizer for the purpose of investigating the effects of (“PR”) on the growth of various medical marihuana strains.
In consideration for Jourdan’s supply of PR, ChroniCare agrees to apply, monitor and record the effects of the PR on the growth of various medical marijuana strains.
The term of this agreement shall be for a period commencing immediately, and maybe extended for an additional six months upon mutual written consent by the parties.
ChroicCare will test Jourdan fertilizer products exclusively, and not provide testing services to any other fertilizer producer or distributor who may be in direct or indirect competition with Jourdan.
About ChroniCare Canada
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ChroniCare Canada is a privately funded corporation specializing in the field of healthcare. Chronicare Canada was formulated to provide a more natural alternative to pain medication while continuing its research on other medicinal properties found in Marihuana plants. A Toronto based company, ChroniCare is positioned to be the leader in healthy genetics of various strains of medical Marihuana.
ChroniCare plans to breed and modify new and existing strains to determine the best use for pain management. With its innovative thinking and dedicated approach to providing effective pain relief, ChroniCare is setting the bar for a new standard in medicinal use of marihuana and its healing properties
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company focused on phosphate. We continually strive to maximize shareholder value by targeting the highest quality phosphate projects with a professional and highly experienced management team. Our approach combines creativity, experience, and technical expertise with tenacity and determination to advance existing projects while always being prepared to take advantage of new opportunities that can add value for our shareholders. We are committed to conducting ourselves in an open, professional, and responsible manner, while always remaining available to all shareholders. Our goal is to be the dominant speciality phosphate miner in North America
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 news release.
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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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>