| | | Fire River Gold Announces $2.0 Million Non-brokered Private Placement | 
view PDF |
FAU news April 16 2010
|
April 16, 2010. Vancouver, Canada - Fire River Gold Corp. (TSX-V: FAU,
OTCQX: FVGCF, FSE: FWR) ("FAU" or the "Company") announces a
non-brokered private placement of up to 5,000,000 units at a purchase
price of $0.40 per unit for gross proceeds of up to $2,000,000. Each
unit will consist of one common share in the capital of the Company and
one-half of one non-transferable share purchase warrant. Each whole
share purchase warrant entitles the holder to purchase one common share
of the Company for a period of eighteen months from the date of closing
at a price of $0.60 per share.
The proceeds from the private placement will be used for the exploration
and development of the Nixon Fork Gold Mine in Alaska, and for general
working capital.
A finder's fee may be paid in relation to this financing, in accordance
with regulatory policies. The foregoing is subject to regulatory
approval.
In addition, the Company also reports that pursuant to a previous news
release (Jan. 11, 2010) announcing the engagement of Moody Capital as
our advisor and listing agent for the Company's listing on the OTCQX
exchange, the Company has issued for services rendered, a total of
35,000 common shares at a deemed value of Cdn$0.40 per share for a total
of Cdn$14,000 as payment in full.
About Moody Capital Solutions, Inc.
Moody Capital Solutions, Inc. provides capital formation and merger and
acquisition services. The firm offers private equity placement,
mezzanine debt, senior debt, registered directs, reverse mergers,
alternative public offerings, PIPEs, and equity private placements
services. Additionally, it offers buy side, corporate sales and
divestitures, fairness opinions, going-private transactions, board of
directors, strategic alternatives, and recapitalizations advisory
services. The firm's clientele includes Adherex Technologies, Amarillo
BioScience, Bodisen BioTech, Celsius Holdings, Inc., Clarient, Inc., DOR
BioPharma, Duska Therapeutics, Forbes Medi-Tech, GeoVax Labs, Inc.,
Hemisphrex BioPharma, and Pipex Pharmaceuticals. Moody Capital
Solutions, Inc. is based in Dawsonville, Georgia with additional offices
in Tampa, Florida and Scottsdale, Arizona.
About Fire River Gold Corp.
Fire River Gold Corp. is a junior exploration/development company
focused on advanced stage gold projects in North America. The Company's
team of professionals includes dedicated senior management, geologists,
engineers, corporate finance, investor relations experts, corporate
management, public company administrators and regulatory and government
affairs specialists. Fire River's flagship property is the Nixon Fork
Gold Mine, located within Alaska's Tintina Gold Belt, which hosts
numerous world class deposits. Fire River Gold is a member of the
International Metals Group (www.internationalmetalsgroup.com).
|
On behalf of Board of Directors,
"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: Tue Apr 20, 2010, Fire River Gold Announces High Grade Gold Results, Nixon Fork Gold Mine, Alaska
You can view the Previous News Releases item: Tue Apr 13, 2010, Continued High Grade Gold Results Including 1.8 opt (60.55 g/t) Gold Over 13.7 ft (4.2 m) Nixon Fork Gold Mine, Alaska
You can return to the main News Releases page, or press the Back button on your browser.
|
