Fire River Gold Corp.
News

General Disclaimer

Fire River Gold Corp. has taken all reasonable care in producing and publishing information contained on this web site, and will endeavor to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Fire River Gold Corp. assumes no responsibility. Fire River Gold Corp. does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. 

Under no circumstances, including, but not limited to, negligence, shall Fire River Gold Corp. be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission. Read More

Email 'Fire River Gold Corp. Extends Final Closing of Bro...' to a friend
Show printable version of 'Fire River Gold Corp. Extends Final Closing of Bro...' in a New Window

News Releases



 
Fire River Gold Corp. Extends Final Closing of Brokered Private Placement
view PDF
FAU news Jan 19 2010
January 29, 2010. Vancouver, Canada -- Fire River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) (the "Company") wishes to announce that it has extended (subject to the TSX Venture Exchange approval) the closing of the final tranche of the $10 million brokered private placement announced on November 19, 2009. Closing is expected to be completed by mid February.

On December 21, 2009 Fire River Gold Corp. announced that further to its news release of November 19, 2009, the Company had completed the first tranche of its brokered private placement and accordingly issued 6,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of $3,000,000. Each Unit consisted of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a purchase price of $0.75 for a period of 18 months.

The Company entered into an agreement with a syndicate of agents lead by Loewen, Ondaatje, McCutcheon Ltd., and including Macquarie Capital Markets Canada Ltd. and MPartners Inc. (the "Agents") to raise on a best efforts private placement basis up to $10 million through the issuance of units of the Company (the "Unit") at a price of $0.50 per Unit. Each Unit of the Company consisting of one common share and one half common share purchase warrant (a "Warrant"), each whole Warrant exercisable to acquire one additional common share at a price of $0.75 per common share, for a period of 18 months after the closing date of the private placement (the "Closing").

The funds from the private placement will be used for the exploration and development of the Nixon Fork Gold Mine in Alaska, and for general corporate purposes.

About Fire River Gold Corp.

Fire River Gold Corp. ("FAU") primary focused on exploration and development of gold projects within North America. The Company is the newest member of the International Metals Group (IMG) (www.internationalmetalsgroup.com) and has access to a well established team with over 100 years of experience working in Alaska. The recently acquired Nixon Fork Gold Mine in Alaska has the potential to be a near term gold producer. The Company is presently negotiating additional advanced stage gold projects in North America. Management's objective is to make FAU a North American gold producer in the next 18 months.

 
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.

"Harry Barr"

Harry Barr
President & CEO

Disclaimer: This news release may contain certain "forward-looking statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at www.sedar.com or filed with the Canadian National Stock Exchange. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

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.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.


 
 

You can view the Next News Releases item: Mon Feb 1, 2010, Fire River Gold Project Update -- Nixon Fork Gold Mine, Alaska Winter 2010

You can view the Previous News Releases item: Mon Jan 11, 2010, Fire River Gold Corp. Commences Trading on the U.S. OTCQX International Exchange

You can return to the main News Releases page, or press the Back button on your browser.