News Releases



 
Fire River Gold announces that the Company entered into a purchase and sale agreement ("Agreement") with Ambrian Partners Limited
view PDF
FAU news March 29 2010
 
March 29, 2010. Vancouver, BC -- Fire River Gold Corp. (the "Company" or "FAU") (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) announces that the Company entered into a purchase and sale agreement ("Agreement") with Ambrian Partners Limited ("Ambrian") pursuant to which Agreement the Company is purchasing a 1% net smelter royalty return (the "NSR") on the Nixon Fork Property, a property currently 100% owned by the Company's wholly-owned subsidiary, Mystery Creek Resources, Inc. ("MCR").

Pursuant to the terms of the Agreement, in consideration for Ambrian transferring its full interest in and to the NSR, the Company (i) has paid Ambrian $225,000 in cash; and (ii) will issue to Ambrian, subject to regulatory approval, 225,000 common share purchase warrants of the Company, with each warrant being exercisable to acquire one common share of the Company at a price of $0.75 per share for a period of 18 months from the date of issue of the warrants.

The Agreement contains customary representations, warranties and covenants for an agreement of this type, and is subject to regulatory approval.

 
 

On behalf of Fire River Gold Corp.

"Harry Barr"

Harry Barr
President & CEO

Disclaimer: Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. 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.

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. We seek safe harbour.

 
 

You can view the Next News Releases item: Mon Mar 29, 2010, Fire River Gold terminates its option on the Golden Zone Project

You can view the Previous News Releases item: Tue Mar 23, 2010, Fire River Gold Corp. produces excellent gold results from geological re-assessment work at Nixon Fork Gold Mine, Alaska

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